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please answer all parts, thank you Estimating Uncollectible Accounts and Reporting Accounts Receivable Collins Company analyzes its accounts receivable at December 31 and arrives at
please answer all parts, thank you
Estimating Uncollectible Accounts and Reporting Accounts Receivable Collins Company analyzes its accounts receivable at December 31 and arrives at the age categories below along with the percentages that are estimated as uncollectible. The balance of the allowance for uncollectible accounts is $1,100 on December 31 , before any adjustments. a. What amount of bad debts expense will Collins report in its income statement for the year? b. Use the financial statement effects template to record Collins's bad debts expense for the year. c. What is the balance of accounts receivable on its December 31 balance sheet Step by Step Solution
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