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Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a)

Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end. (a) Calculate the total estimated bad debts based on the information below. Num Total 0-30 31-60 Accounts receivable $409,000 $246,000 $84,000 % uncollectible. Estimated bad debts $ 1% 4%

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