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View Policies Current Attempt in Progress Oriole Corporation operates in an industry that has a high rate of bad debts. Before any year end adjustments,
View Policies Current Attempt in Progress Oriole Corporation operates in an industry that has a high rate of bad debts. Before any year end adjustments, the balance in Orole's Accounts Receivable account was $ 602.100 and Allowance for Doubtful Accounts tad a credit balance of $40,390. The year and balance reported in the balance sheet for Allowance for Doubtful Accounts will be based on the go schedule shown below. Probability of Collection Amount $319,700 0.96 Days Account Outstanding Less than 16 days Between 16 and 30 days Between 31 and 45 days 119.700 0.00 86,000 0.87 41.400 0.79 Between 6 and 60 days 19.300 0.58 Between 1 and 75 days 000 Over 75 days to be written ott 15.400 (a) What is the appropriate balance for Allowance for Doubtful Accounts at year end? 5 Balance for Allowance for Doubtful Accounts Attempts of tused Submit 73 Mostly 31 112 Sove for Later EP
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