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please make sure the image is fit to screen because many times the answer is cut off because it doesn't fit the screen! Thanks! 2%
please make sure the image is fit to screen because many times the answer is cut off because it doesn't fit the screen! Thanks!
2% 6 Estimating Allowance for Doubtful Accounts Kirchhoff Industries has a past history of uncollectible accounts, as shown below. Age Class Percent Uncollectible Not past due 1-30 days past due 31-60 days past due 61-90 days past due Over 90 days past due Estimate the allowance for doubtful accounts, based on the aging of receivables schedule below. Kirchhoff Industries Aging of Receivables Schedule 20 30 45 Customer Balance Not Past Due 1-30 Days Past Due 31-60 Days Past Due 61-90 Days Past Due Over 90 Days Past Due Subtotals 749,200 442,000 164,800 67,400 37,500 37,500 Conover Industries 14,600 14,600 Keystone Company 19,700 19,700 Moxie Creek Inc. 9,700 9,700 Rainbow Company 8,600 8,600 Swanson Company 28,700 28,700 Totals 830,500 470,700 173,400 77,100 57,200 52,100 Percentage uncollectible 2% 6% 20% 30% 45% Allowance for Doubtful Accounts oStep by Step Solution
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