Reference no: EM132555814
At January 1, 2018, Betty DeRose, Inc. had an allowance for doubtful accounts with a $2,700 credit balance. During 2018, Betty did not write-off any accounts receivable as uncollectible. However, during 2018, Betty recorded $1,800 of recoveries of accounts receivable written off in prior years.
Betty prepared the following aging schedule at December 31, 2018:
Accounts Receivable % Uncollectible
not past due $150,000 2%
1-30 days past due 35,000 5%
31-60 days past due ? 8%
61-90 days past due 8,000 12%
over 90 days past due 2,000 14%
Based on the above information, Betty DeRose, Inc. estimated its bad debt expense to be $6,210 for 2018.
Question 1: Calculate the amount of accounts receivable that were 31-60 days past due.
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