Stein, Inc., uses the aging of receivables method to determine the balance in the Allowance...
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Accounting
Stein, Inc., uses the aging of receivables method to determine the balance in the Allowance for Doubtful Accounts. At September Stein has $ million of accounts receivable, distributed within aging categories as follows: not yet past due: $; days past due: $; days past due: $; days past due: $; and over days past due: $ The percentages considered uncollectible in each category are: not yet past due: ; days past due: ; days past due: ; days past due: ; and over days past due: Stein has a credit balance in the allowance account at September of $ The adjustment to fairly state the Allowance for Doubtful Accounts at September is $
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