Grise Corp. completed the following accounts receivables aging report pertaining to their current customer accounts: Estimated...

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Grise Corp. completed the following accounts receivables aging report pertaining to their current customer accounts: Estimated Percentage Uncollectible Age of Receivables Balance Not yet due $396,000 1% 1-30 Days $90,000 3% 31-60 Days $30,000 9% 61-90 Days $10,000 26% 90+ Days $4,000 60% Based on the report, what ending balance should the Allowance for Doubtful Accounts show on the balance sheet? $530,000 $50,000 $14,360 $515,640 Grise Corp. completed the following accounts receivables aging report pertaining to their current customer accounts: Estimated Percentage Uncollectible Age of Receivables Balance Not yet due $396,000 1% 1-30 Days $90,000 3% 31-60 Days $30,000 9% 61-90 Days $10,000 26% 90+ Days $4,000 60% Based on the report, what ending balance should the Allowance for Doubtful Accounts show on the balance sheet? $530,000 $50,000 $14,360 $515,640

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ANSWER IS OPTION 3 14360 E... View the full answer