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An aging of accounts receivable revealed a year-end target allowance of $100,000. The beginning of year allowance contained $75,000, and $40,000 was written off during
An aging of accounts receivable revealed a year-end target allowance of $100,000. The beginning of year allowance contained $75,000, and $40,000 was written off during the year. How much should be charged to Uncollectible Accounts Expense?
$135,000.
$65,000.
None of these.
$70,000.
$40,000.
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