Ayearminusend review of accounts receivable and estimated uncollectible percentages revealed the following:
days outstanding accounts receivable est. percent uncollectible
1 -30days $ 60, 000 3%
31-60 days $ 40,000 5%
61-90 days $ 25, 000 12%
over 90 days $ 7, 000 50%
before the yearminusend adjustment, the credit balance in allowance for uncollectible accounts was $ 1, 000. under the method, the expense at yearminusend is
Answers: 1
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Ayearminusend review of accounts receivable and estimated uncollectible percentages revealed the fol...
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