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  3. check figure: 2. bad debt expense $60,205 on decem

CHECK FIGURE: 2. Bad Debt Expense $60,205 On December 31, 2017, Toro Company's Allowance for...

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Accounting

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CHECK FIGURE: 2. Bad Debt Expense $60,205 On December 31, 2017, Toro Company's Allowance for Doubtful Accounts had an unadjusted credit balance of $31,000. The accountant for Toro has prepared a schedule of the December 31, 2017, accounts receivable by age and, on the basis of past experience, has estimated the percentage of the receivables in each age category that will become uncollectible. This information is summarized as follows: December 31, 2017 Accounts Recelvable Age of Accounts Recelrable Expeoted Percentage Uncollectible $1,500,000 70B,000 152,000 48,000 24,000 Not due (under 30 days 1 to 30 days past due 31 to 60 days pest due 61 to 40 days past due Over 90 days past due 1.25% 2.00 6.50 32.75 68.00

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