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New York Company had the following accounts receivable aging schedule: Estimated Percentage Uncollectible Current Accounts $170,000 1% 1-90 days past due 20,000 15% Over 90
New York Company had the following accounts receivable aging schedule: Estimated Percentage Uncollectible Current Accounts $170,000 1% 1-90 days past due 20,000 15% Over 90 days past due 10,000 30% Total Accounts Receivable $200,000 What should be the adjusted balance in the Allowance for Doubtful Accounts? Select one: a. $2,000 b. $7,700 c. $3,000 d. $4,700
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