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please answer all three questions per chegg guidelines 34. Jackson Co had the following accounts receivable December 31: DAYS OUTSTANDING AMOUNT ESTIMATED % UNCOLLECTIBLE 0-30

please answer all three questions per chegg guidelines

34. Jackson Co had the following accounts receivable December 31:

DAYS OUTSTANDING AMOUNT ESTIMATED % UNCOLLECTIBLE
0-30 $ 420 2%
31-60 140 5%
61-120 100 10%
Over 120 120 20%

During the year, Jackson wrote off $12 in receivables. Jackson's January 1 allowance for credit losses was $40. What is Jackson's credit loss expense for the year?

$18

$21.40

$49.40

$55.40

35. Huckabee Company has the following information:

2020 2019
Accounts Receivable $ 80,000 $ 72,000
Revenues 400,000 372,000

Huckabee's 2020 days' sales in accounts receivable is:

a. 69 days

b. 70 days

c. 72 days

d. 73 days

36. Hazelton Corp. prepares a bank reconciliation at the end of every month. At the end of May, the cash T-account showed a balance of $1,360 and the bank statement showed a balance of $1,445. The bank statement listed service charges of $30 and NSF checks totaling $85. The correct amount of cash for Hazelton is:

a. $1,130

b. $1,160

c. $1,245

d. $1,445

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