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EX 6?S1: Kubota Co. is a wholesaler of office sup...

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EX 6?S1: Kubota Co. is a wholesaler of office supplies. An aging of the company?s accounts receivable on December 31, 2006, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible Not past due $450,000 2% 1?30 days past due 110,000 4 31?60 days past due 51,000 6 61?90 days past due 12,500 20 91?180 days past due 7,500 60 Over 180 days past due 5,500 80 $636,500 Estimate what the proper balance of the allowance for doubtful accounts should be as of December 31, 2006.

 

Paper#11106 | Written in 18-Jul-2015

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