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Question
| December 31, 2014 Accounts Receivable | Age of Accounts Receivable |
Expected Percent Uncollectible | |
| $720,000 | Not yet due | 05 | % |
| 252,000 | 1 to 30 days past due | 1.80 | |
| 49,600 | 31 to 60 days past due | 6.30 | |
| 14,100 | 61 to 90 days past due | 31.75 | |
| 2,850 | Over 90 days past due | 66.00 | |
Assuming the company uses the percent of accounts receivable method, determine the amount that should be recorded for bad debt expense on December 31, 2014.
Answer
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Related questions
Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
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Q:
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Q:
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Q:
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Q:
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