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A company has an unadjusted credit balance in the Allowance for Doubtful Accounts of $10,000 and the following aging schedule: Name of Customer Total Under
A company has an unadjusted credit balance in the Allowance for Doubtful Accounts of $10,000 and the following aging schedule:
Name of Customer | Total | Under 30 days | 30-60 days | 60-90 days | Over 90 days |
A | $ 55,000 | $ 30,000 | $ 20,000 | $ 5,000 | |
B | 112,000 | 90,000 | 10,000 | 5,000 | 7,000 |
C | 106,000 | 65,000 | 22,000 | 15,000 | 4,000 |
D | 43,000 | 35,000 | 2,000 | 5,000 | 1,000 |
Total | $ 316,000.00 | $ 220,000.00 | $ 54,000.00 | $ 25,000.00 | $ 17,000.00 |
Percent Uncollectible | 1% | 30% | 25% | 35% |
What is the ending balance in the Allowance for Doubtful Accounts?
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