Business, 21.12.2019 02:31 gluanete

On december 31, 2018, andy inc has a debit balance of $1500 for the allowance for uncollectible accounts before any year-end adjustments. andy inc. also has the following information for its account receivable and estimated percentages for bad debts for different past due amounts: age group (days past due) accounts receivable estimated percent uncollectible 0-30 $50,000 5% 31-60 $20,000 10% 61-90 $10,000 20% what is the amount of bad debt expense to be reported on andy inc's financial statements for 2018 using the aging method? a. s1.500 b. $8,000 c. $6.500 d. $5,000

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On december 31, 2018, andy inc has a debit balance of $1500 for the allowance for uncollectible acco...

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