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Q11 Question 11 (1 point) Saved Suri Co reviewed its accounts receivable at Dec. 31, 2021. The balance in the receivables account was $1,386,000. Suri
Q11
Question 11 (1 point) Saved Suri Co reviewed its accounts receivable at Dec. 31, 2021. The balance in the receivables account was $1,386,000. Suri categorized the receivables by age as follows: Days Outstanding Amount Est. % Uncollectible 0 - 60 $504,000 1% 61 - 120 $378,000 2% Over 120 $504,000 6% $1,386.000 The balance in the allowance for doubtful accounts at Dec. 31 2020 was $92,400. During 2021, the company wrote off receivables of $75,600. How much should Suri report at Dec. 31, 2021 for its allowance for doubtful accounts?O a) $42,840 O b) $26,040 O c) $1,386,000 O d) $16,800 O e) None of these answers is correctStep by Step Solution
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