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Michaela's Essential Oils Inc. has the following account balances at the 2015 calendar year-end: Accounts...

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Accounting

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Michaela's Essential Oils Inc. has the following account balances at the 2015 calendar year-end: Accounts Receivable of $10,250 and Allowance of Doubtful Accounts of $1,500. What is the net realizable value that the company will report on its balance sheet? Estimate bad debt expense for Sarah's Book Co. using the information for the total accounts receivable in the table below. Complete the table by calculating the amount uncollectible in each aging bucket. Sum for the total uncollectible amount. Customer # Balance Not Past Due 1-30 31-60 61-90 91-180 181-365 Over 365 Total $15,250 7,500 2,350 1,600 1,450 1,000 750 600 Percent Uncollectible 1% 4% 7.5% 15% 30% 60% 82% Est. of uncollectible accounts $???? $xxx $xxx Sxxx SXXXX $xxx $xxx Sxxx What is the amount of the total estimate of uncollectible accounts

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