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FDU, Inc is preparing to close its books for the year ended December 31, 2025. Their accountant is analyzing their Accounts Receivable and assessing whether
FDU, Inc is preparing to close its books for the year ended December 31, 2025. Their accountant is analyzing their Accounts Receivable and assessing whether or not an adjustment needs to be made to their allowance for doubtful accounts balance. Currently, the balance in the allowance account is $175,234 (credit). The accountant put together this aging schedule and collected some historical uncollectible information. The details are below
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