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Wonka Corp uses the analysis-of-receivables method when estimating bad debts. Given the following information, what should the company report for the Bad Debt Expense this
Wonka Corp uses the analysis-of-receivables method when estimating bad debts. Given the following information, what should the company report for the Bad Debt Expense this period? Current balance of Accounts Recievable, $1,415,000 Current balance of Allowance for Doubtful Accounts, $26,963 Age Intereval Balance Percent Uncollectible Not past due 925,000 1% 1-30 days 375,000 2% 31-60 days 50,000 6% 61-90 days 30,000 14% 91-180 days 22,500 60% 181+ days 12,500 90% Selected Answer: [None Given]
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