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Question 18 (1 point) The Sable Corporation uses the Aged Allowance Receivable method to account for uncollectible accounts The December 31, 2017 year-end unadjusted trial

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Question 18 (1 point) The Sable Corporation uses the Aged Allowance Receivable method to account for uncollectible accounts The December 31, 2017 year-end unadjusted trial balance showed sales of $3,450,000. The following Aged Accounts Receivable totals $733,400, and Allowance for Doubtful Accounts has a $2,700 debit balance. Current 1-30 days 31-60 days 61-90 days >90 days Total Aged Accounts Receivable $480,000 $192,000 $38,400 $19,200 $3,800 $733,400 Expected percent uncollectible 19 29% 696 3296 66% Expected amount uncollectible 1) Prepare the journal entry to record bad debts expense at December 31, 2017. 2) Prepare the journal entry for March 18, 2018, to write off a $4,200 account of a customer, Island Co

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