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If uncollectible accounts are determined by the? aging-of-receivables method to be $ 1 comma 240$1,240?, the uncollectible account expense for 20162016 would be $ 140$140.
If uncollectible accounts are determined by the? aging-of-receivables method to be $ 1 comma 240$1,240?, the uncollectible account expense for 20162016 would be $ 140$140. Using the? aging-of-receivables method, the balance of the Allowance account after the adjusting entry at? year-end 20162016 would be
Daniel ComEnE had the following information in 2016:Accounts receivable 12f31f15 .............................. ...... $7,000Allowance for uncollectible account 12f31i' 16 (before adjusmrent). ...... 750Credit service revenue during 2016 ............................ 41,000Cash service revenue during 2016 ................................ 12,000Collections from customers on account during 2016 ............ ...... 44,000 It uncollectible accounts are determined by the aging—of—receivables method to be $1.240, the uncolleclible account expense tor2016 would be $490. Using the aging—of—ieceivables method, the balance of the Allowance account after the adjusting entry' at year—end 2016 would beStep by Step Solution
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