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P 7.5 page 319 poa - i
- 1. Estimated Uncollectible Accounts Receivable December 31, 2001 Age group % age considered total uncollectable Not yet due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total = = No: 333,000 135,000 58,500 13,500 22,500 562,500 0.01 0.03 0.10 0.20 0.50 Estimated uncollectible accounts 3,330 4,050 5,850 2,700 11,250 27,180 27,180 โ 8,100 19,080 Particular 1. Bad debt expense Allowance for doubtful accounts 2. Allowance for doubtful accounts Accounts receivable Debit $ 19,080 Credit $ 19,080 8,550 8,550