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Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 3

Raintree Cosmetic Company sells its products to customers on a credit basis. An adjusting entry for bad debt expense is recorded only at December 31, the company's fiscal year-end. The 2023 balance sheet disclosed the following:
Current assets:
Receivables, net of allowance for uncollectible accounts of $46,000
$$12,00
During 2024, credit sales were $1,830,000, cash collections from customers $1,910,000, and $55,000 in accounts recelvable were written off. In addition, $4,600 was collected from a customer whose account was written off in 2023. An aging of accounts recelvable at December 31,2024, reveals the following:
\table[[Age Group,\table[[Percentage of Year-End],[Receivables in Group]],\table[[Percent],[0-6 days]]],[61-90 days,60x,3
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