Question: help please: Save Help Save & E Crimson Inc. recorded credit sales of $852.000, of which $580,000 is not yet due, $180,000 is past due


Save Help Save & E Crimson Inc. recorded credit sales of $852.000, of which $580,000 is not yet due, $180,000 is past due for up to 180 days, and $92,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc. expects it will not collect 6% of the amount not yet due, 11% of the amount past due for up to 180 days, and 20% of the amount past due for more than 180 days. The allowance account had a debit balance of $2,300 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? Multiple Choice $73,000 $34,800 $74,100 $75,300
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