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Daly Company had credit sales of $750,000, of which $600,000 is not due, $100,000 is past due for up to 180 days, and $50,000
Daly Company had credit sales of $750,000, of which $600,000 is not due, $100,000 is past due for up to 180 days, and $50,000 is past due for more than 180 days. Using the aging schedule, Daly Company estimates it will not collect 1% of the amount not yet due, 10% of the amount past due for up to 180 days, and 20% of the amount past due for more than 180 days. The allowance account had a debit balance of $1,000 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? O $26,000 O $27,000 $29,000 O $28,000
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