A. 2,000 b. 9,000 c. 11,000 d. 7,000 The following information pertains to ABC...
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Accounting
A. 2,000 b. 9,000 c. 11,000 d. 7,000
The following information pertains to ABC Co.'s accounts receivable at December 31, 2006. Amount Estimated % Uncollectable Days Outstanding 0-60 $120,000 1% 61-120 90,000 2% Over 120 100,000 6% ABC Co's December 31, 2005, allowance for doubtful accounts was a credit balance of $2,000. Under th aging method, what amount of allowance for doubtful accounts should ABC Co. report at December 31, 2006
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