An aging analysis of Uli Limited's accounts receivable at December 3 1 , 2 0 2 4
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Question:
An aging analysis of Uli Limited's accounts receivable at December and showed the following:
Number of Days
Outstanding
Accounts Receivable
Estimated
Percentage Uncollectible
days
$
$
days
days
Over days
Total
$
$
Additional information:
At December the unadjusted credit balance in Allowance for Expected Credit Losses was $
In $ of accounts were written off as uncollectible and $ of accounts previously written off were recovered. Calculate the carrying amount of Uli's accounts receivable at December and
Carrying amount
$
$
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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