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  3. a company has the following unadjusted account bal

A company has the following unadjusted account balances at December 31, of the current year;...

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Accounting

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A company has the following unadjusted account balances at December 31, of the current year; Accounts Receivable of $185,700 and Allowance for Doubtful Accounts of $1,600 (credit balance). The company uses the aging of accounts receivable to estimate its bad debts. The following aging schedule reflects its accounts receivable at the current year-end: current $96,000 (1% uncollectable), next age of $64,000 (3.5% uncollectable), $16,000 in the next age group (12% uncollectable), $6,500 in the next (42% uncollectable), and over 90 days past due is $3,200 (67% uncollectable). What is the new estimate for uncollectables

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