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1. The following accounts receivable information pertains to Rockman Inc. Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $84,550 32,230
1. The following accounts receivable information pertains to Rockman Inc. Past-Due Category 0-30 days 31-90 days Over 90 days Accounts Receivable Total $84,550 32,230 22,170 Percentage Uncollectible 8% 16% 37% Estimate the allowance for doubtful accounts for Rockman Inc. based on the aging of receivables information above, and record the year-end adjusting journal entry for bad debt.
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Principles Of Accounting Volume 1 Financial Accounting
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
1st Edition
1593995946, 978-1593995942
