Question: Help Save & Exit Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information
Help Save & Exit Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of the year Accounts Receivable Estimated $ Uncollectible Number of Days Unpaid @ 30 31 - 60 61 - 90 Over 90 $740,000 $480,000 $220,000 $160,000 5% 10% 15% 25% If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $30,000, what would be the amount of the adjustment for bad debts? Multiple Choice $128.000 $69.000 $150 000
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