Question 8 Presented below is an aging schedule for Bosworth Company. Customer Total Not Yet Due Number of Days Past Due 1â30 31â60 61â90 Over 90Aneesh $ 27,400 $ 9,400 $18,000 Bird 41,500 $ 41,500 Cope 61,600 8,800 6,400 $46,400
trennaQuestion 8
Presented below is an aging schedule for Bosworth Company.
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $6,900.
| Customer | Total | Not Yet Due | Number of Days Past Due | |||||||||
| 1–30 | 31–60 | 61–90 | Over 90 | |||||||||
| Aneesh | $ 27,400 | $ 9,400 | $18,000 | |||||||||
| Bird | 41,500 | $ 41,500 | ||||||||||
| Cope | 61,600 | 8,800 | 6,400 | $46,400 | ||||||||
| DeSpears | 48,300 | $48,300 | ||||||||||
| Others | 129,900 | 78,900 | 35,600 | 15,400 | ||||||||
$308,700 | $129,200 | $51,400 | $33,400 | $46,400 | $48,300 | |||||||
| Estimated percentage uncollectible | 3% | 6% | 13% | 28% | 63% | |||||||
| Total estimated bad debts | $ 54,723 | $ 3,876 | $3,084 | $4,342 | $ 12,992 | $30,429 | ||||||
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $6,900.
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