Accounts receivable and estimated uncollectible accounts

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Reference no: EM131296166

Fey Corporation has aged its accounts receivable and estimated uncollectible accounts as follows (in thousands). What bad debt expense should the company report for the current period?

age of receivables ar balance estimated % uncollected allowance

current 5500 x1% $55

30-60 days past due 1200 x3% $36

61-90 past due 850 x6% $51

over 90 past due 420 x10% $42

Select one:

a. $55 thousand

b. $184 thousand

c. $3,030 thousand

d. $129 thousand

e. There is not enough information to determine the amount.

Reference no: EM131296166

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