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Business, 03.07.2019 04:10 joelxl101

Blain company has $10,000 of accounts receivable that are current, $3,000 that are between 30 and 60 days past due, and $800 that are more than 60 days past due. blain estimates that 2% of the receivables that are current will be uncollectible, 10% of those between 1 and 60 days past due will be uncollectible, and 50% of those more than 60 days past due will be uncollectible. just prior to recognizing uncollectible accounts expense, blain’s allowance for doubtful accounts account has a $100 positive (credit) balance. assuming blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be

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Blain company has $10,000 of accounts receivable that are current, $3,000 that are between 30 and 60...
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