Question: Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. Accounts not yet due = $28,000;
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts.
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Accounts not yet due = $28,000; estimated uncollectible = 5%.
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Accounts 130 days past due = $9,800; estimated uncollectible = 20%.
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Accounts more than 30 days past due = $3,800; estimated uncollectible = 30%.
Compute the total estimated uncollectible accounts.
| Age Group | Estimated Amount Uncollectible |
| Not Due Yet | |
| 1-30 days past due | |
| More than 30 days past due | |
| Total |
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