Question 5 (5 points) Kiley Company had a $600 credit balance in Allowance...
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Question 5 (5 points) Kiley Company had a $600 credit balance in Allowance for Doubtful Accounts at December 31, 2020, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following Estimated Percentage Uncollectible 1% 3% Estimated Uncollectible Amount $120,000 12,000 10,000 6% Current Accounts 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Total Accounts Receivable 5,000 12% 8,000 30% $155,000 Instructions (a) Calculate the estimated uncollectible amount, and show all calculations below, such as $120,000 X 1% = and $12,000 X 3% = and $10,000 X 6% = and $5,000 X 12% = and $8,000 X.30 = Calculate the total uncollectible amount and provide the total below. Show all work
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