Question: Question 1 View Policies Current Attempt In Progress Wildhorse Co. uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the
Question 1 View Policies Current Attempt In Progress Wildhorse Co. uses an aging schedule to determine its estimated uncollectible accounts at December 31. Complete the following schedule Number of Days Accounts Estimated % Estimated Uncollectible Outstanding Uncollectible Accounts 0-30 days $279.500 1% 31-60 days 86,000 4% 61-90 days 43,000 21.500 Over 90 days 20% Total $430,000 Determine the required balance in the Allowance for Doubtful Accounts and the carrying amount of the accounts receivable $ Allowance for doubtful accounts Carrying amount eTextbook and Media forte
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