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Show work please! 26. On December 31, 2017, Vale Company had an unadjusted balance of $9,700 in its allowance for uncollectible accounts. You perform an
Show work please!
26. On December 31, 2017, Vale Company had an unadjusted balance of $9,700 in its allowance for uncollectible accounts. You perform an aging analysis of its accounts receivable: Age 0-30 days 31-60 days Over 60 days Amount $85,000 $15,000 $7,500 Estimated % Uncollectible 5% 15% 40% Based on this analysis, what do you believe gross accounts receivable, the allowance for uncollectible accounts, and net accounts receivable should be reported at on the balance sheet? (6 points)Step by Step Solution
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