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Continuing Problem ccounting for uncollectible accounts using the altowance methaod T'his problem continues the Canyon...

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Continuing Problem ccounting for uncollectible accounts using the altowance methaod T'his problem continues the Canyon Canoe s problem continues the Canyon Canoe Company sitwation trom Chaper anyon Canoc Company has experienced rapid greownts it ts fiest iew months opeations and has had a significant increase in custovers temisg, T-shirts. Many of these customers are asking for credit terms Ambet and Wilson, stockholders and company managers, have decided it is ime usine eanwoes anvd purchasing ess transactions and update some of their business practices. Their first step 15to So far, year to date credit sales have been $15,500. A review of utstanding to make decisions about handling accounts recewable receivables resulted in the following aging schedule Age of Accounts as of June 30, 2019 1-30 31-60 619 Over 90 Total Days Days Days Days Balance 5 250 Customer Name 250 Canyon Youth Club Crazy Tees Early Start Daycare Lakefront Pavilion Outdoor Center Rivers Canoe Club Sport Shirts Zack's Marina Totals 350 200 150 5 500 50 575 575 300 $ 300 350 350 570 450 120 225 375 $500 3,120 $1,900 $345

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