Time outstanding Accounts Receivable $ amount Fraction expected to be uncollectible...
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Accounting
Time outstanding
Accounts Receivable $ amount
Fraction expected to be uncollectible
Less than 30 days
$34,100
1%
31-60 days
4,400
2%
61-90 days
7,400
6%
91-120 days
1,800
25%
121+ days
1,200
40%
Weston Company completed an aging of their accounts receivable. The previous balance in the allowance was $440. Based on aging of accounts receivable, what is the estimated amount of bad debt expense they should recognize?
Group of answer choices
$1,363
$1,460
$2,243
$1,350
$1,803
Answer & Explanation
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