Hunter, Inc. analyzed its accounts receivable balances at December 3 1 , and arrived at the aged
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Question:
Hunter, Inc. analyzed its accounts receivable balances at December and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible:
Considered Age Group Balance Uncollectible days past due $ days past due days past due days past due Over days past due $
The company handles credit losses using the allowance method.
The credit balance of the Allowance for Doubtful Accounts is $ on December before any adjustments.
a Determine the amount of the adjustment for estimated credit losses on December
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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