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The September 30,2022 , records of Up To Date Communications include these accounts: During the year, Up To Date Communications estimates Uncollectible-account expense at 1%
The September 30,2022 , records of Up To Date Communications include these accounts: During the year, Up To Date Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31 ), the company ages its receivables WI (Click the icon to view the September 30,2022 account balances.) and adjusts the balance in the Allowance for Uncollectible Accounts to correspond to the following aging schedule. During the last quarter of 2022 , the company completed the following selected transactions: IIH (Click the icon to view the Accounts Recelvable balance and aging schedule to be used at December 31, 2022. (i) (Click the icon to view the selected transactions.) Requirement 2. Prepare a T-account for Allowance for Uncollectible Accounts with the appropriate beginning balance. Post the entries from Requirement 1 to that account. Open the T-account by posting the beginning balance. Then post the entries to the Allowance for Uncollectible Accounts T-account and calculate the ending balance. Accounts Receivable balance at December 31,2022 given in the problem data.) Up To Date Communications x Data table
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