Question - At January 1, 21313, ABC Company reported an allowance for doubtful accounts with a $3,531} credit balance. During 2019, ABC Company did not write-off any accounts receivable as uncollectible; however, ABC did record recoveries of previously written-off accounts receivable totaling SLED. ABC Company prepared the Following aging schedule at December 31, 2019:
|
|
Accounts Receivable
|
% Uncollectible
|
|
not past due
|
$103,600
|
2%
|
|
1-30 days past due
|
31,600
|
6%
|
|
31-60 days past due
|
?
|
8%
|
|
61-90 days past due
|
23,400
|
?
|
|
over 90 days past due
|
2,800
|
45%
|
Based on the above information, ABC Company estimated its bad debt expense to be $5,800 for 2019. It is known that the net realizable value of ABC Company's accounts receivable at December 31, 2019 amounted to $153,075.
Calculate the percentage expected to be uncollectible for the accounts receivable that were 61-90 days past due.