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Calculate the estimated uncollectible

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Reference no: EM13539965

The Open Accounts Receivable aging is as follows for December 31, 2008:

Current

1-30

31-60

61-90

Over 90 days

75000

38000

15000

8000

12000

Using the following estimated percentage uncollectible

Current

3%

1-30 days past due

8%

31-90 days past due

27%

Over 90 days

52%

A. Calculate the estimated uncollectible

B. Assuming there is a debit balance in Allowance for Doubtful Accounts of $1,712. Prepare the adjusting entry at December 31, 2008 to record bad debt expense.

Reference no: EM13539965

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