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Cornelius Company had the following information in 2018: E (Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method
Cornelius Company had the following information in 2018: E (Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method to be $940, the uncollectible-account expense for 2018 would be $290. The balance of the Allowance account after the adjusting entry at year-end 2018 would be $940. Using the aging-of-receivables method, the net realizable value of accounts receivable on the December 31, 2018, balance sheet would be O A. $2,160. OB. $650. OC. $13,000. OD. $12,060. 0 Data Table .....$ 13,000 Accounts receivable 12/31/18 Allowance for uncollectible-accounts credit balance 12/31/18 (before adjustment)............. Credit service revenue during 2018 Cash service revenue during 2018 Collections from customers on account during 2018 ..... 650 42,000 12,000 51,000 Print Done]
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