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Test Content Question 19 Oak Creek, Incorporated uses the Aging of Accounts Receivable method for estimating uncollectib
Posted: Sun Jul 03, 2022 1:15 pm
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- Test Content Question 19 Oak Creek Incorporated Uses The Aging Of Accounts Receivable Method For Estimating Uncollectib 1 (24.65 KiB) Viewed 10 times
Test Content
Question 19 Oak Creek, Incorporated uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of the year: 0 to 30 Accounts Receivable. $ 740,000 Estimated t Uncollectible (A) $90,000 B) $158,000 Based on the above what is the estimate of uncollectible accounts? $128,000 5% $69,000 Number of Days Unpaid 31 to 60 $ 480,000 10% 61 to 90 $ 220,000 5 Po 158 Over 90 $ 160,000 25% ✔ 7/3/22 11:59 PM (CDT) Attempts 1 attempt left Grading Maximum points