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Current Attempt in Progress Sheridan Co.uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the following schedule. Number of Days
Current Attempt in Progress Sheridan Co.uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the following schedule. Number of Days Accounts Estimated % Estimated Uncollectible Outstanding Receivable Uncollectible Accounts 0-30 days $286.000 196 31-60 days 88.000 61-90 days 44.000 10% Over 90 days 22.000 Total $440,000 Determine the required balance in the Allowance for Doubtful Accounts and the carrying amount of the accounts receivable. Allowance for doubtful accounts $ Carrying amount eTextbook and Media Save for Later
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