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Question 1 1 pts On December 31, 2018, Ham Corp. had the following aging of its Accounts Receivables from clients. Age of accounts receivable Zero
Question 1 1 pts On December 31, 2018, Ham Corp. had the following aging of its Accounts Receivables from clients. Age of accounts receivable Zero to 30 days 31-60 days Greater than 60 days Amount $1,050,000 450,000 625,000 Estimated Percent Uncollectible 2.5% 7.0% 15.0% At the start of fiscal 2018, Ham Corp. had a credit balance in its Allowance for Uncollectibles of $145,000, and during fiscal 2018, $72,000 in receivables were written off as uncollectible. The firm closes its books on December 31st What should be the balance in the company's Allowance for Uncollectibles at the end of 2018? A. A credit balance of $131,000. B. A credit balance of $145,500. C. A credit balance of $151,500. O D. A credit balance of $168,500. E. None of the above
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