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Required information [The following information applies to the questions displayed below.] Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and
Required information [The following information applies to the questions displayed below.] Facial Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2021, the company provides services of $407,000 on account. Of this amount, $57,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2021, is provided below. Age Group Not yet due Amount Receivable $37,000 Estimated Percent Uncollectible 3% 0-30 days past due 10,700 4% 31-60 days past due 7,700 11% More than 60 days past due Total 1,600 25% $57,000 Required: 1. Calculate the allowance for uncollectible accounts... Not yet due Age Group 0-30 days past due 31-60 days past due More than 60 days past due Total Estimated Amount Uncollectible $ X X X 0 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 07230 Total points awarded
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