🧮 Practice problem: Calculate uncollectible accounts using the aging method (BE7-12)

Crell Computers categorizes its accounts receivable into four age groups for purposes of estimating its allowance for uncollectible accounts.

1. Accounts not yet due = $60,000; etimated uncollectible = 5%.

2. Accounts 1-30 clays past due = $ 15,000; estimated uncollectible = 10%.

3. Accounts 31- 60 days past clue = $10,000; estimated uncollectible = 20%.

4. Accounts more than 60 clays past due = $5,000; estimated uncollectible = 30%.

What should be the balance in Crell 's allowance for uncollectible accounts?