Question: Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due =$31,000;
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due =$31,000; estimated uncollectible =5%. 2. Accounts 1 to 30 days past due =$10,100; estimated uncollectible =15%. 3. Accounts more than 30 days past due =$4,100; estimated uncollectible =25%. Compute the total estimated uncollectible accounts
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