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Crimson Inc. recorded credit sales of $834,000, of which $570,000 is not yet due, $200,000...

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Accounting

Crimson Inc. recorded credit sales of $834,000, of which $570,000 is not yet due, $200,000 is past due for up to 180 days, and $64,000 is past due for more than 180 days. Under the aging of receivables approach, Crimson Inc. expects it will not collect 5% of the amount not yet due, 14% of the amount past due for up to 180 days, and 26% of the amount past due for more than 180 days. The allowance account had a debit balance of $3,900 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account? $60,240 $77,040 $73,140 $28,500

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