Question: Please I need urgent solution Will vote up solve it quikcly Short Case 2 During 2020, Beta LLC has made a credit sale for OMR

Please I need urgent solution Will vote up solve it quikcly

Please I need urgent solution Will vote up solve it quikcly

Short Case 2 During 2020, Beta LLC has made a credit sale for OMR 400,000. Allowance for doubtful account has no balance at the end of the year. The following aging schedule is prepared by Beta for its accounts receivable Aging class Receivable Balance (OMR) Estimated % of uncollectible 250,000 15 0-30 days 31-60 days 61-90 days 100,000 10 35,000 25 Over 90 days 15,000 35 Total 400 000 Required: Estimate the amount of allowance using Accounts Receivable Aging Method and write adjusting entry

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