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Sequoia, Inc. has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry
Sequoia, Inc. has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry to record the estimated uncollectible accounts. Current $24,000 1% uncollectible 31-60 days 5,500 5% uncollectible 61-90 days 2,500 11% uncollectible 91 and up 1,200 17% uncollectible The current balance in Allowance for Doubtful Accounts is a $145 debit. OA. $24,000 B. $994 C. $849 OD. $1,139
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