A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the
Following:
1-30 days $40,000 1.5%
31-60 days $10,000 8.0%
61-90 days $6,000 22.0%

Amounts over 90 days past due are written off. The credit balance in Allowance for Uncollectible Accounts was $520. The uncollectible-account expense for the year is:
A. $ 600.
B) $2,260.
C) $2,200.
D) $3,240.

I have not a clue how to come to the total on this one - any help?

Quote:

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Originally Posted by lopezap1

A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the
following:
1-30 days $40,000 1.5%
31-60 days $10,000 8.0%
61-90 days $6,000 22.0%

Amounts over 90 days past due are written off. The credit balance in Allowance for Uncollectible Accounts was $520. The uncollectible-account expense for the year is:
A. $ 600.
B) $2,260.
C) $2,200.
D) $3,240.

I have not a clue how to come to the total on this one - any help?

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Ok clueless time for some work

Multipy the % for each category by the balance, add the results and compare this with the alternatives and the available balance. A course of action will become apparent to you

This is really simple stuff your next question should be referred to the homework help Board alternatively you could open a text book

Thank you - so 2200 C