Evers Industries has a past history of uncollectible accounts, as follows. Age...
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Accounting
Evers Industries has a past history of uncollectible accounts, as follows.
| Age Class | Percent Uncollectible |
|---|---|
| Not past due | 3% |
| 130 days past due | 4 |
| 3160 days past due | 15 |
| 6190 days past due | 33 |
| Over 90 days past due | 86 |
Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the Aging of Receivables Schedule page.
| Evers Industries |
| Estimate of Allowance for Doubtful Accounts |
| 1 |
|
|
| Days Past Due | Days Past Due | Days Past Due | Days Past Due |
| 2 |
| Balance | Not Past Due | 1-30 | 31-60 | 61-90 | Over 90 |
| 3 | Total receivables | 1,150,100.00 | 618,800.00 | 233,100.00 | 118,000.00 | 105,800.00 | 74,400.00 |
| 4 | Percentage uncollectible |
| 3.0% | 4.0% | 15.0% | 33.0% | 86.0% |
| 5 | Allowance for doubtful accounts | ____________ | _____________ | _________ | ___________ | __________ |
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