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Daniel Company had the following information in 2018: Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method to

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Daniel Company had the following information in 2018: Click the icon to view the information.) If uncollectible accounts are determined by the aging-of-receivables method to be $1,240, the uncollectible-account expense for 2018 would be $40. The balance of the Allowance account after the adjusting entry at year-end 2018 would be $1,240. Using the aging-of-receivables method, the net realizable value of accounts receivable on the December 31, 2018, balance sheet would be O A. $1,200. OB. $5,760. O C. $1,180. OD. $7,000. Data Table $ 7,000 1,200 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 44,000 15,000 47,000 Print Done

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