Use the following information for the next 4 questions. Capr…
Questions
Use the fоllоwing infоrmаtion for the next 4 questions. Cаpri, Inc. аnalyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % Est Loss $ Current $436,940 1% $4,369 1-30 days $182,703 2% $3,654 31-60 days $69,250 3% $2,078 61-90 days $25,908 4% $1,036 91-120 days $13,642 6% $819 121+ days $8,650 9% $779 Total $737,093 $12,734 The unused balance of the allowance for uncollectible accounts is $5,430 on December 31, before any adjustments.