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Calculate the projected new balance for the allowance

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The Miller Company's accounts receivable reveal the following balances by age category:

  • The allowance for uncollectible accounts has an existing positive balance of $13,680. The company's internal auditors suggest that the following percentages be used to estimate the amount of outstanding receivables that will eventually prove to be uncollectible.

Problem 1) Calculate the projected new balance for (a) the allowance for uncollectible accounts and (b) the bad debts expense.

Reference no: EM132832261

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