Business, 10.12.2020 16:50 olamagdziak2007

The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021. Days Outstanding Amount Estimated % Uncollectible
0-30 420,000 2%
31-60 140,000 5%
61-120 100,000 10%
Over 120 120,000 20%

During 2021, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $40,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021?

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The following aging information pertains to Jacobsen Co.'s accounts receivable at December 31, 2021....

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