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voker aatakeAssighmentsessionLocator assignment-take&inprogressefalse eBook Show Me How Estimating Allowance for Doubtful Accounts Kirchhoff Industries has...

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Accounting

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voker aatakeAssighmentsessionLocator assignment-take&inprogressefalse eBook Show Me How Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as follows. Age Class Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Percent Uncollectible 2% 18 40 75 Estimate the allowance for doubtful accounts, based on the aging of receivables information provided in the chart below. Kirchhoff Industries Estimate the Allowance for Doubtful Accounts Balance Not Past Due Days Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 1,180,000 626,400 266 Total receivables 600 124,000 189% 103,000 60,000 75% 296 Allowance for doubtful accounts

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