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Business, 20.12.2019 03:31 keishlav5183

Asummary of klugman company's december 31, 2018, accounts receivable aging schedule is presented below along with the estimated percent uncollectible for each age group:

age group amount %

0–60 days $ 63,000 .5

61–90 days 23,500 1.0

91–120 days 3,300 10.0

over 120 days 1,000 50.0

the allowance for uncollectible accounts had a balance of $1,430 on january 1, 2018. during the year, bad debts of $780 were written off.

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