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Use this information for the following three questions. On December 31, 2017, Vale Company had an unadjusted balance of $11,200 in its allowance for uncollectible

Use this information for the following three questions. On December 31, 2017, Vale Company had an unadjusted balance of $11,200 in its allowance for uncollectible accounts. You perform an aging analysis of its accounts receivable: Age Amount Estimated % Uncollectible 0-30 days $95,000 5% 31-60 days $25,000 15% Over 60 days $8,500 40%

Calculate gross accounts receivable, to the nearest dollar.

Calculate the new allowance for uncollectible accounts, to the nearest dollar.

Calculate net accounts receivable, to the nearest dollar.

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