Business, 10.04.2020 22:58 Apple557

Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its Allowance for Doubtful Accounts has a $1,200 credit balance prior to adjusting entries. It has just completed an aging analysis of accounts receivable at December 31, 2018. This analysis disclosed the following information: Age Percentage Group Considered Total Uncollectible Not yet due $ 52,000 1 % 1-30 days past due $ 30,000 2 % 31-60 past due $ 13,000 8 % What is the appropriate balance for Oceanside's Allowance for Doubtful Accounts at December 31, 2018?

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Oceanside Company uses the balance sheet approach in estimating uncollectible accounts expense. Its...

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