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need help A company recorded credit sales of $727,000, of which $560.000 is not yot due, $110,000 is past due for up to 180 days,
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A company recorded credit sales of $727,000, of which $560.000 is not yot due, $110,000 is past due for up to 180 days, and $57,000 is post due for more than 180 days. Under the aging of recelvables method, the company expects it will not collect 6% of the amount not yet due. 1956 of the amount past due for up to 180 days, and 25% of the amount past due for more than 180 days. The allowance account had a debit bolance of $3.700 before. adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Muliple Choice $72.450 $61.850 $33,600 $58,750 Step by Step Solution
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