Estimating Uncollectible Accounts and Reporting Accounts Receivable LaFond Company 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 %
0-30 days past due $ 180,000 1%
31-60 days past due 40,000 2
61-120 days past due 22,000 5
121-180 12,000 10
Over 180 days past due 8,000 25
Total accounts receivable $ 262,000

The unused balance of the allowance for uncollectible accounts on December 31, before any adjustments, is $1,040.
(a) What amount of bad debts expense will LaFond report in its income statement for the year?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.