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Previous Pace Neste Page 14 of 25 Question 14 (3 points) A firm adjusts its bad debts based on the aging method. An aging schedule

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Previous Pace Neste Page 14 of 25 Question 14 (3 points) A firm adjusts its bad debts based on the aging method. An aging schedule is developed as follows: Days outstanding 1-30 days 30-60 days Amounts 36.000 50,000 Estimated uncollectibles rate 3% 7% Assume that the allowance for bad debts has a credit balance of $1,200 before adjustment Based on the aging table, what is the ending "allowance for bad debts" balance after adjustment? $4,300 $4,580 $ 5,780. $3,380

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