Question 5 of 5

Question 5 of 5 Current Attempt in Progress Ayayai Trading is a merchandising wholesaler that sells to corner stores in the community. Lately, because of the economic conditions, some Of Ayayai' customers have been experiencing financial difficulties and so Ayayai has to pay a great deal of attention to the collection of accounts receivable. Before any year-end adjustments, the balance in Ayayai' AccountsReceivable account was 5585.000 and the Allowance for Doubtful Accounts had a credit balance of S30.OOO. The company uses an aging schedule to determine the total estimated uncollectible amounts at its year end. December 31: Days Account Outstanding Less than 16 days Between 16 anci 30 days Between 31 and 45 days Between 46 anci 60 days Amount S315.ooo 115.000 80.000 zo.ooo 20 ooo Probability of collection 9896 7094 10