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Age Interval Not due Est. Percentage Uncollectible Balance $63,000 2%

Age Interval Not due Est. Percentage Uncollectible Balance $63,000 2%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Est. Percentage Uncollectible Age Interval Balance Not due $63,000 2% 1-30 days past due 7,100 5% 31-60 days past due 6,300 11% Over 60 days past due 2,900 40% $79,300 Estimated Uncollectible amount
Transcribed Image Text:Est. Percentage Uncollectible Age Interval Balance Not due $63,000 2% 1-30 days past due 7,100 5% 31-60 days past due 6,300 11% Over 60 days past due 2,900 40% $79,300 Estimated Uncollectible amount
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