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Estimate Uncollectable 1.00% 2 3 4 Current 5 1-30 past due 6 31-60 past due 7 61-90 past due 3 90+ past due 3 Gross
Estimate Uncollectable 1.00% 2 3 4 Current 5 1-30 past due 6 31-60 past due 7 61-90 past due 3 90+ past due 3 Gross Amount 800,000 700,000 600,000 40,000 500,000 2,640,000 2.00% 3.00% 15.00% 25.00% The company's required reserve (allowance for doubtful accounts) at the end of the period is: If the beginning Allowance for Doubtful Account balance was $90,000 - what amount of bad debt expense is required this period? If Management elected to increase their Estimate for Uncollectable Accounts percentage(s), : Accounts Receivable, Gross will [Choose ] Accounts Receivable, Net will [Choose ] Net Income will [ Choose] > Total Liabilities [Choose ]
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