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April 19, 2014

Homework Help: accounting

Posted by Zarria on Thursday, March 8, 2012 at 9:14am.

P9-4A (a-d)
Wall Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year end.



Number of Days Outstanding


Total


0-30


31-60


61-90


91-120


Over 120
Accounts receivable $200,000 $77,000 $46,000 $39,000 $23,000 $15,000
% uncollectible 2% 5% 8% 10% 15%

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