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voker atakeAssighmentsessiontocator assignment-take&inprogressefalse eBook Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history...

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Accounting

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voker atakeAssighmentsessiontocator assignment-take&inprogressefalse eBook Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as follows. Show Me How 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 1896 103,000 60,000 7S% 2% Allowance for doubtful accounts

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