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Presented Below Is An Aging Schedule For Bosworth Company.
P8-3A Presented below is an aging schedule for Bosworth Company.
Customer
Total
Not Yet Due
Number of Days Past Due
1–30
31–60
61–90
Over 90
Aneesh
$ 26,000
$ 11,000
$15,000
Bird
46,500
$ 46,500
Cope
64,500
7,500
8,200
$48,800
DeSpears
40,600
$40,600
Others
131,000
82,400
34,700
13,900
$308,600
$136,400
$53,900
$28,900
$48,800
$40,600
Estimated percentage uncollectible
3%
8%
11%
20%
63%
Total estimated bad debts
$ 46,921
$ 4,092
$4,312
$3,179
$ 9,760
$25,578
At December 31, 2013, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $7,200.
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