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Question 6 of 7 072 III Show Attempt History Current Attempt in Progress Ayayai Corporation operates in an industry that has a high rate of
Question 6 of 7 072 III Show Attempt History Current Attempt in Progress Ayayai Corporation operates in an industry that has a high rate of bad debts. Before any year-end adjustments the balance in Ayayal's Accounts Receivable account was $ 591,900 and Allowance for Doubtful Accounts had a credit balance of $44.990. The year-end balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the aging schedule shown below. Probability of Collection Days Account Outstanding Amount Less than 16 days $314,500 0.98 Between 16 and 30 da 112,400 0.90 Between 31 and 45 days 85.000 0.86 Between 46 and 60 days 44 200 0.79 Between 61 and 75 days 19,900 0.55 Over 75 days (to be written off) 15.900 0.00 (a) Your answer is incorrect BE RO 10 w PL e an Question 6 of 7 072 Between 46 and 60 days 44.200 0.79 Between 61 and 75 days 19,900 0.55 Over 75 days (to be written off) 15.900 0.00 (a) Your answer is incorrect What is the appropriate balance for Allowance for Doubtful Accounts at year-end? $ Balance for Allowance for Doubtful Accounts Attempts: 1 of 15 used Submit Arrow Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above MacBook Air . ER $ 4 012 6 7 3 712 C D T Y
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