ANSWERS TO QUESTIONS
Days Account Outstanding Amount Expected Percentage Uncollectible Estimated Uncollectible 0–15 days $300,000 .02 $ 6,000 16–30 days 100,000 .10 10,000 31–45 days 80,000 .15 12,000 46–60 days 40,000 .25 10,000 61–75 days 20,000 .60 12,000 Balance for Allowance for Doubtful Accounts $50,000 ................
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