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Hall uses aging to estimate uncollectibles. Accounts of $100,000 are less than 30 days old (98% collectible), $50,000 are 30 to 60 days old (90%
Hall uses aging to estimate uncollectibles. Accounts of $100,000 are less than 30 days old (98% collectible), $50,000 are 30 to 60 days old (90% collectible), $25,000 are 61-120 days old (50% collectible), and the remaining $10,000 is 10% collectible. How much is the Uncollectible Accounts Expense?
a) The Uncollectible Accounts Expense should be $28,500.
b) The Uncollectible Accounts Expense should be $9,000.
c) The Uncollectible Accounts Expense should be $7,000.
d) Cannot be determined from the information given.
e) None of these.
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