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Pathp Words: 0 QUESTION 27 A company has the following balances on December 31, 2021, before any year-end adjustments Accounts Receivable - $80,000: Allowance for
Pathp Words: 0 QUESTION 27 A company has the following balances on December 31, 2021, before any year-end adjustments Accounts Receivable - $80,000: Allowance for Uncollectible Accounts $1,100 (credit). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below: Amount Estimated Percent Age Group Receivable Uncollectible Not yet due $48.000 596 0-30 days past due 18,000 1596 31.90 days past due 10,000 4096 More than 90 days past due 4.000 8096 Total Record the adjustment for uncollectible accounts on December 31, 2021. TTT Arial 3 (12) T.E.E.5.25 Path: P Words:0 QUESTION 28 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Pin 9 Wor QUESTION 29 During 2021, a company sells 300 units of inventory for $85 each. The company has the following inventory purchase transactions for 2021: Number of Date Transaction Units Unit Cost Total Cost Jan. 1 Beginning inventory 601 $71 $4,260 May Purchase 1701 72 12.240 Nov. 3 Purchase 180 74 13.320 410 $29.8.20 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. TT T Arial 3 (12pt) T E Pache P Wor QUESTION 30 During 2021, a company sells 400 units of inventory for $85 each. The company has the following inventory purchase transactions for 2021: Click Save and Submit to save and submit. Click Save All Answers to save all answers
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