On December 31, 2008, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for

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On December 31, 2008, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for uncollectible accounts. An analysis of Vale's trade accounts receivable at that date revealed the following:

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What amount should Vale report as allowance for uncollectible accounts in its December 31, 2008 balance sheet?

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Financial Reporting And Analysis

ISBN: 12

4th Edition

Authors: Lawrence Revsine, Daniel Collins

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Question Posted: May 21, 2024 05:03 AM

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On December 31, 2008, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for

Question:

Age Amount Estimated Uncollectible 0-30 days $60,000 5% 31-60 days 4,000 10 Over 60 days 2,000 70

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Financial Reporting And Analysis

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