Practice
Check your answer
Write your response and explain your reasoning.
The December 31 aging uses January 8 balances, ages from invoice rather than due date, leaves one credit balance in current, counts a disputed invoice twice, and includes an individually distressed customer in both its old pool and a separate analysis. Rebuild the controlled schedule and pool decision record.
Compare your reasoning with the worked answer
Rebuild at the reporting date from controlled due dates, not the later refresh date. Reconcile the ledger and remove duplicate or credit items through documented paths. Pool only shared risk; an individually evaluated asset cannot also remain in the collective estimate.