Maurice Tutor

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Category > Management Posted 01 Jun 2018 My Price 4.00

basis of past experience

On the basis of past experience, the company estimated the percentages probably uncollectible for the above five age groups to be as follows: Group a, 1 percent, Group b 3 percent, Group c 10 percent, Group d 20 percent, Group e 50 percent.

The allowance for doubtful accounts before adjustments at December 31 showed a credit balance of $4,700.

 

How do I compute the estimated amount of uncollectible accounts based on the above classification by age groups?

Answers

Maurice Tutor
(5)
Status NEW Posted 01 Jun 2018 07:06 PM My Price 4.00

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