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1. Using the % of sales method, determine the remaining balance of the allowance for doubtful accounts. Assume that there is no balance in the allowance for doubtful accounts right now. Determine the percentage of credit sales that cannot be repaid.
2. Using the percent of receivables method, determine the remaining balance of the allowance for doubtful accounts. Assume that there is no balance in the allowance for doubtful accounts right now. Calculate the percentage of receivables that cannot be collected.
3. Using the receivables' age, determine how much allowance for shaky debts is still left. Assume that there is no balance in the allowance for doubtful accounts right now.
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