1 Age of Accounts 130 Days 3160 Days 6190 Days Over 90 Days

1 Age of Accounts 1-30 Days 31-60 Days 61-90 Days Over 90 Days $70,000 $85,000 25,000 15,000 Estimated percent uncollectible 0.3 % 3.0 % 10.0 % 52.0 % Print Done

Solution

Note: We know that Allowance of Bad Debt has debit balance of 11,060 and we need 13,060 Credit balance in the end, so we will credit Allowance for Bad Debt by 24,120(11,060 + 13,060)

	1-30 Days	31-60 Days	61-90 Days	Over 90 Days	Total
Accounts Receivable	70,000	85,000	25,000	15,000	195,000
Est. Percent Uncollectible	0.30%	3.00%	10.00%	52.00%
Est. Uncollectible	210	2550	2500	7800	13060