Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts. 1. Accounts not yet due = $40,000; estimated uncollectible = 5%. 2. Accounts 1–30 days past due = $11,000; estimated uncollectible = 20%. 3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 30%. Compute the total estimated uncollectible accounts.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 1CP: Martel Co. has 320,000 in Accounts Receivable on December 31, 20-1, the end of its first year of...
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Williamson Distributors separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible accounts.
1. Accounts not yet due = $40,000; estimated uncollectible = 5%.
2. Accounts 1–30 days past due = $11,000; estimated uncollectible = 20%.
3. Accounts more than 30 days past due = $5,000; estimated uncollectible = 30%.
Compute the total estimated uncollectible accounts.

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