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give me answer as soon as possible please. QUOLIUI 1 Windsor Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end,
give me answer as soon as possible please.
QUOLIUI 1 Windsor Merchandising uses an aging schedule to determine its estimated uncollectible accounts at year end, and uses a single account for Allowance for Doubtful Accounts. An incomplete schedule is as follows: WINDSOR MERCHANDISING Aged Schedule of Accounts Receivable No. of Days Estimated % Outstanding Amount Uncollectible 0-30 days $61,070 0.50% 31-60 days 26,360 5.17% 61-90 days 11,650 18.00% Over 90 days 4,900 49.00% $103,980 On December 31, the trial balance before adjustments shows the following balances: Credit Accounts Receivable Allowance for Doubtful Accounts Debit $103,980 1,460 Record the entry for bad debt expense for the current year assuming they use the table to determine the estimated uncollectible accounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.76.) 2:18 PMStep by Step Solution
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