Use the following information for the Net Realizable Value o…
Use the following information for the Net Realizable Value of Accounts Receivable questions. Capri, Inc. analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible. Age Group Accounts Receivable Estimated Loss % Est Loss $ Current $586,940 1% $5,869 1-30 days $196,403 2% $3,928 31-60 days $87,250 3% $2,618 61-90 days $35,908 4% $1,436 91-120 days $19,642 7% $1,375 121+ days $11,650 10% $1,165 Total $937,793 $16,391 The unused balance of the allowance for uncollectible accounts is $5,430 on December 31, before any adjustments.