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Q1) Draber Company uses allowance method based on aging method to find out the estimated allowance for doubtful accounts. Below is given an aging at the end of current period with percent uncollectible experience rates:

    Number of Days Outstanding
  Total 0-30 days 31-60 days 61-90 days 91-120 days Over 120 days
Accounts Receivable $450,000 $220,000 $100,000 $45,000 $30,000 $55,000
%uncollectible rate   2% 4% 6% 8% 10%

Given above information, compute estimated allowance for doubtful accounts at the end of the period.

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  • Reference No.:- M919979

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