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According to last year's balance sheet, a company reported a credit balance in Allowance for Doubtful Accounts of $36,700. During the current year, the company
According to last year's balance sheet, a company reported a credit balance in Allowance for Doubtful Accounts of $36,700. During the current year, the company wrote off $44,300 in accounts receivable and collected $3,200 of previously written off accounts. As of year-end, the company had the following aged list of receivables. Days outstanding Balance Estimated ($) outstanding % uncollectible 0 - 60 days $354,000 4% Over 60 days 64,000 20% Total $418,000 Calculate the following and choose the correct responses. Part A: Unadjusted balance of Allowance for Doubtful Accounts, end of current year w Part A: Unadjusted balance of Allowance for Doubtful Accounts, end of current year Part B: Estimated Uncollectible Accounts, current year Part C: Bad Debt Expense for current year Part D: Net Accounts Receivable (net realizable value), year-end
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