Question

On December 31, 2014, Vale Company had an unadjusted credit balance of $1,000 in its Allowance for uncollectible accounts. An analysis of Vale’s trade accounts receivable at that date revealed the following:


Required:
What amount should Vale report as Allowance for uncollectible accounts in its December 31, 2014, balancesheet?


$1.99
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  • CreatedSeptember 10, 2014
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