Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The...
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Accounting
Cedar Mill, Inc. uses the Aging of Accounts Receivable method for estimating uncollectible accounts. The accounting records show the following information at the end of the year: Number of Days Unpaid 0 - 30 31 - 60 61 - 90 Over 90 $740,000 $480,000 $220,000 $160,000 5% 10% 15% 25% Accounts Receivable Estimated % Uncollectible If the unadjusted credit balance in the Allowance for Doubtful Accounts account before is $30,000, what would be the amount of the adjustment for bad debts? Multiple Choice $158,000 $90,000 $128.000 O $69.000
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