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2. Identify the amount of accounts receivable. 3. Estimate the balance of the Allowance for Doubtful Accounts using the percent of accounts receivable method. Hint Identify the percent of uncollectible for accounts receivable. 1. Credit sales 7,150,000 $ 1,220,000 2. Total accounts receivable 3 Allowance for Doubtful Accounts Prey 1 of 5 Next > Percent Uncollectible by Age Makeup of Total 70% 609 40% Estimated Percent Uncollectible 30% Credit Sales Percent Uncolle by Accoun 10% Credit Sales 1-30 days Not yet due 31-60 days 61-90 days Over 90 days past due Accounts Receivable past due past due past due Percent Uncollectible by Age Makeup or lon 70%6 6096 50% Estimated Percent Uncollectible Credit Sales 3096 20% Percent Unc by Acco 10% Credit Sales 096 1-60 days Accounts Receiva Not yet 61-90 days Over 90 days past due past due Not yet due: 2% past due Accounts Recelvable ($) Percent Uncollectible by Age Makeup of Total S 70% 6096 5096 4096 Estimated Percent Uncollectible 3096 Credit Sales 2096 Percent Uncollec by Account 1096 Credit Sales 096 s Over 90 days Not yet due 1-30 day past du 1-30 days past due: 396 Accounts Receivable past due Percent Uncollectible by Age Ma 7096 60% 5096 40% Estimated Percent Uncollectible 3090 Credi Pe 1096 Cre 31-60 days past due: 7% 31-60 d Not yet due 1-30 days past due past due past due past due Percent Uncollectible by Age Makeu 6026 Estimated Percent Uncollectible 30% C--1-16 61-90 days past due: 33% Perce Credits HEIG varnane Percent Uncollectible by Age Makeup of Total Over 90 days past due: 68% Estimated Percent Uncollectible 3096 Credit Sales 2096 Percent Uncollec by Accounts 1096 Credit Sales 096 wa 61-90 days Over 90 days

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