Problem 9-4A Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company...
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Accounting
Problem 9-4A Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts based on the below information. Number of Days Outstanding 61-90 48,000 Total 0-30 31-60 91-120 Over 120 Accounts receivable 252,300 0% uncollectib le 90,500 56,000 32,600 $25,200 296 5% 6% 9% 2196 Estimated Bad debts
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