1. Presented below is an aging schedule for Miller Company. Fill in the table. 1

Question

1. Presented below is an aging schedule for Miller Company. Fill in the table.

1. Presented below is an aging schedule for Miller Company. Fill in the table Number of Days Past Due 31-60 61-90 Customer Akers Baietto Comer Delong Others -Total Est. % Uncollectible Total Est. Bad Debts 528,000 Over 90 TotalNot Yet Due 1-30 $20,000 30,000 $30,000 50,000 38,000 126,000 92 $9,000 $11,000 5,000 15,000 13,000 15,000 $30,000 $38,000 6,000 92,000 137,000 264,000 29,000 24,00030,00044,000 5% | 10% | 24% | 50%

Explanation / Answer

Total Not yet due 1-30 31-60 61-90 Over 90 Total 264000 137000 29000 24000 30000 44000 Est % uncollectible 2% 5% 10% 24% 50% Total est bad debts 35790 2740 1450 2400 7200 22000

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