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 =
Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $32,000, estimated uncollectible - 5% 2. Accounts 1-30 days past due = $10.200: estimated uncollectible = 20% 3. Accounts more than 30 days past due = $4,200: estimated uncollectible = 30%. Compute the total estimated uncollectible accounts. Estimated Amount Uncollectible Age Group Not yet due 1-30 days past due More than 30 days past due Total $
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