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Dominion Importing Co. has the following list of accounts receivables on December 31,20. The terms...

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Accounting

Dominion Importing Co. has the following list of accounts receivables on December 31,20. The terms on all sales invoices are net 30 days.
Name of Customer Date on Invoice Amount
Andosa, Conrad Jul. 10,20 $350.00
Bellini, Thomas Sept. 28,20165.50
Decker, Sylvia Dec. 3,20453.75
Evans, John Sept. 15,20510.35
Fu, Jane Nov. 8,20215.25
Gignac, Arthur Oct. 20,20687.10
Leake, Mitch Oct. 3,2096.00
Moore, Stephen Aug. 10,20204.30
Orb, Chris Nov. 30,20260.75
Sigurdson, Rob Nov. 16,20528.50
Woo, Michael Dec. 8,20112.40
Other customers Dec. 15,2011,450.00
(a)Prepare a schedule of accounts receivable by age using the same headings as shown in Figure 12.1. Each invoice is due 30 days after the invoice date shown. Calculate the percentage that each category represents of the total accounts receivable.
(b)Using the following percentages for probable loss, compute the estimated loss from uncollectible accounts:
Not yet due 1%
130 days past due 4%
3160 days past due 10%
6190 days past due 20%
Over 90 days past due 50%
(c)Record the General Journal entry for the estimated uncollectible receivables at year-end (December 31).

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