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Estimating Uncollectible Accounts and Reporting Accounts Receivable Mohan Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories

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Estimating Uncollectible Accounts and Reporting Accounts Receivable Mohan Company estimates its uncollectible accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. Mohan computes a total of $4,200 in estimated uncollectible accounts as of its current year-end, its accounts receivable has a balance of $172,000, and its allowance for uncollectible accounts has an unused balance of $1,400 before any year-end adjustments. a. What amount of bad debt expense will Mohan report in its income statement for the current year? 5 b. Determine the net amount of accounts receivable reported in current assets at year-end, 1

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