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Question 17 (1 point) On December 31, 2017, James Company has an accounts receivable balance of $324,000 before any year-end adjustments. The Allowance for Doubtful
Question 17 (1 point) On December 31, 2017, James Company has an accounts receivable balance of $324,000 before any year-end adjustments. The Allowance for Doubtful Accounts has a $1,100 credit balance. The company prepares the following aging schedule for accounts receivable: 1-30 31-60 61-90 over 90 Total Balance days days days days $324,000 $157,000 $89,000$51,000$27,000 Percent uncollectible 1% 2% 4% 21% What is the Uncollectible-Account Expense at December 31, 2017? a) $11,060 b) $1,570 $9,960 d) $12,160
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