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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 2) A vear-end review of Accounts Receivable and estimated uncollectible

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MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 2) A vear-end review of Accounts Receivable and estimated uncollectible percentages revealed the following 2 Accounts Est. Percent Days Outstanding Receivable Uncollectible 1-30 days $62,000 2% 31-60 days $40,000 4% 61-90 days $23.000 11% Over 90 days $9,000 50% Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $1.000. Under the aging-of-receivables method, the Uncollectible-Account Expense at year-end is A) $10,870 B) $8 870 C) $1.240 D) $9,970

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