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Question - At January 1, 21313, ABC Company reported an allowance for doubtful accounts with a $3,531} credit balance. During 2019, ABC Company did not write-off any accounts receivable as uncollectible; however, ABC did record recoveries of previously written-off accounts receivable totaling SLED. ABC Company prepared the Following aging schedule at December 31, 2019:
Accounts Receivable
% Uncollectible
not past due
$103,600
2%
1-30 days past due
31,600
6%
31-60 days past due
?
8%
61-90 days past due
23,400
over 90 days past due
2,800
45%
Based on the above information, ABC Company estimated its bad debt expense to be $5,800 for 2019. It is known that the net realizable value of ABC Company's accounts receivable at December 31, 2019 amounted to $153,075.
Calculate the percentage expected to be uncollectible for the accounts receivable that were 61-90 days past due.
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