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Cheyenne Co. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year end: (a) Calculate
Cheyenne Co. uses the allowance method to estimate uncollectibles. The company produced the following aging of the accounts receivable at year end: (a) Calculate the total estimated uncollectibles based on the below information. Accounts receivable Estimated % uncollectible Estimated uncollectible amounts Total 0-30 31-60 $200,000 $79,000 $45,000 1% 4%
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