Question

1 net zero products, a wholesaler of sustainable raw materials, prepares the following aging of receivables analysis. accounts receivable total 1 to 30 31 to 60 61 to 90 over 90 $ 157,500 $ 95,600 $ 23,000 $ 14,500 $ 11,500 $ 13,500 percent uncollectible 1% 2% 4% 8% 10% complete this question by entering your answers in the tabs below. required 1 required 2 estimate the balance of the allowance for doubtful accounts using the aging of accounts receivable method.

Explanation:

Step1: Calculate uncollectibles for not - due

$95600\times1\% = 956$

Step2: Calculate uncollectibles for 31 - 60 days

$13800\times2\%=276$

Step3: Calculate uncollectibles for 61 - 90 days

$14500\times4\% = 580$

Step4: Calculate uncollectibles for over 90 days

$11500\times8\%=920$

Step5: Calculate total estimated uncollectibles

$956 + 276+580 + 920=2732$

Answer:

$2732$