Aging Method to Estimate Bad Debts Assignment
February 19th, 2020
Bonita Corp. uses the aging method to estimate bad debts. The bookkeeper provided the following schedule as of March 30th, 2017 Account Age Balance Noncollection Probability Current $51000 2% 1-30 days past due 45000 4% 31-60 days past due 8000 9% Over 60 days past due 4500 16% What is the amount of receivables deemed uncollectible? $4260 $3010 $108500 $1260.