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Question 10 Foress Ltd. has an Accounts Receivable amount o 350,700 and an unadjusted credit balance in Allowance or Doubtful Accounts o $8,200 at March
Question 10 Foress Ltd. has an Accounts Receivable amount o 350,700 and an unadjusted credit balance in Allowance or Doubtful Accounts o $8,200 at March 31. The company's accounts receivable and percentage estimates ofits uncollectible accounts are as ollows: Number of Days Accounts Estimated Percentage Receivable 0-30 31-60 61-90 Over 90 Total $244,000 49,200 33,100 24,400 $350,700 2% 10% 30% 50% Prepare an aging schedule to detenmine the total est mated uncollectibles at March 31. Age of Accounts Amount Estimated Uncollectible 0-30 days 31-60 days 51-90 days Over 90 days $244,000 49,200 33,100 24,400 2% 10% 30% 50%
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