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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
Capital Masonry has given you the following information from its aging of Accounts Receivable. Using this information, determine the amount of the journal entry to record the estimated uncollectible accounts.

Current   $22,000    1% uncollectible
31-60 days    5,500    6% uncollectible
61-90 days    2,400    10% uncollectible
91 and up    900    18% uncollectible

The current balance in Allowance for Doubtful Accounts is a $146 debit.
A) $952
B) $1,098
C) $1,759
D) $806
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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#2
7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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