Business
Business, 17.08.2021 19:50, nel83

Indigo Corporation uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. Calculate the total estimated bad debts on the below information. Total 0–30 31–60 61–90 91–120 Over 120
Accounts Receivable $472,000 $308,000 $88,000 $45,000 $18,000 $13,000
% uncollectible 1% 4% 5% 9% 11%
Estimated bad debts $ $ $ $ $ $

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Indigo Corporation uses the allowance method of accounting for bad debts. The company produced the f...

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