Oak Creek, Incorporated uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounti

[answerhappygod]

Oak Creek Incorporated Uses The Aging Of Accounts Receivable Method For Estimating Uncollectible Accounts The Accounti 1 (61.1 KiB) Viewed 18 times

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: Accounts Receivable Estimated % Uncollectible A) $69,000 B) $90,000 $128,000 0 to 30 $ 740,000 Based on the above what is the estimate of uncollectible accounts? $158,000 5% Number of Days Unpaid 31 to 60 $ 480,000 10% 61 to 90 $ 220,000 15% Over 90 $ 160,000 25% ...