Laffy Taffy has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not...
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Accounting
Laffy Taffy has the following accounts receivable and estimates of uncollectible accounts: 1. Accounts not yet due = $64,000; estimated uncollectible = 4%. 2. Accounts 1-30 days past due = $27,000; estimated uncollectible = 30%. 3. Accounts more than 30 days past due = $133,000; estimated uncollectible = 50%. Compute the total estimated uncollectible accounts for Laffy Taffy. Estimated uncollectible accounts
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