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

Pharoah Company 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. Total 0-30 31- Accounts receivable $392,000 $235,000 $89,0 % uncollectible Estimated bad debts $ 6A +A 1% +A 49

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