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Solve the following problem Merry Co sells Christmas angels. Merry determines that at the end of December, they have the foll

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Customer Total Not yet due 1-30 31-60 61-90 Over 90
K 500 300 200
D 300 100 200
S 150 50 100
C 200 200
1150 300 300 250 200 100
% uncollectable 1% 5% 10% 25% 50%
Amount     143.00             3.00        15.00       25.00       50.00       50.00
Amount of uncollectable accounts =      143.00
Net account receivable balance that will appear in balance sheet =
1150-143 1,007.00
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