Question: In preparing an aging the receivables schedule, the first step is to: Categorize each account receivable according to dollar amount owed. multiply the amount

In preparing an aging the receivables schedule, the first step is to: Categorize each account receivable according to dollar amount owed. multiply the amount of receivables by 20%. Total the estimates for the accounts. Categorize each account receivable according to the length of time the amounts have been outstanding.

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