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A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days O
A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding 1-30 days 31-60 days 61-90 days Over 90 days O A. $440 Accounts Receivable B. $10,120 C. $8,520 D. $9,320 $62,000 $41,000 $23,000 $7,000 Est. Percent Uncollectible Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $800. Under the aging-of-receivables method, the balance in the Allowance for Uncollectible Accounts will be after the adjusting entry is made. 2% 5% 11% 50% *.*
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