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AP $2023$ Accounting & Payroll $($JUNE $2023$ BATCH$-$PAYROLLAND ACCOUNTING$)$

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On December $31,2020,$ 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:

$\backslash$table$[[$Total Balance,$1-30$ days,$31-60$ days,$61-90$ days,over $90$ days,$2$ points$],[$$$324,000,$$$157,000,$$$89,000,$$$51,000,$$$27,000,],[$Percent uncollectible,$1\%,2\%,4\%,21\%,]]$

What is the Uncollectible$-$Account Expense at December $31,2020?$

A$)$ $$1,570$

B$)$ $$9,960$

C$)$ $$11,060$

D$)$ $$12,160$

$5.$ The balance in Accounts Receivable was $$700,000$ at the beginning of the year and $$780,000$ at the end of the year. Credit sales for the year totaled $$4,110,000.$ During the year, $$430,000$ in customer accounts were written off. How much cash was collected from customers during the period?