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Please help demonstrate the adjusted enties for this month's(April) Bad debt expense and Allowance for doubtful accounts . Management estimates uncollectible accounts receivable based on
Please help demonstrate the adjusted enties for this month's(April) Bad debt expense and Allowance for doubtful accounts.
Management estimates uncollectible accounts receivable based on the following rates of uncollectibility applied to outstanding accounts: Not yet due (2%), 1-30 days past due (9%), 31-60 days past due (18%), Greater than 61 days past due (60%). Since this is an estimate please round your final answer to the nearest whole dollar.
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