Homework Help
Presented below is an aging schedule for bosworth company.
P8-3A Presented below is an aging schedule for Bosworth Company.
|
Customer |
Total |
Not Yet Due |
Number of Days Past Due |
|||||||||
|
1–30 |
31–60 |
61–90 |
Over 90 |
|||||||||
|
Aneesh |
$ 26,000 |
$ 11,000 |
$15,000 |
|||||||||
|
Bird |
46,500 |
$ 46,500 |
||||||||||
|
Cope |
64,500 |
7,500 |
8,200 |
$48,800 |
||||||||
|
DeSpears |
40,600 |
$40,600 |
||||||||||
|
Others |
|
131,000 |
|
82,400 |
|
34,700 |
|
13,900 |
|
|
||
|
|
|
$308,600 |
|
$136,400 |
|
$53,900 |
|
$28,900 |
|
$48,800 |
|
$40,600 |
|
Estimated percentage uncollectible |
|
|
3% |
|
8% |
|
11% |
|
20% |
|
63% |
|
|
Total estimated bad debts |
|
$ 46,921 |
|
$ 4,092 |
|
$4,312 |
|
$3,179 |
|
$ 9,760 |
|
$25,578 |
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200.