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Compute the bad debt expense at year-end

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Question - A year-end review of Accounts Receivable and estimated uncollectible percentages revealed the following:

Days Outstanding Accounts Receivable Est. Percent Uncollectible

1-30 days $26,000 1%

31-60 days $12,000 2%

61-90 days $9,000 3%

Over 90 days $4,000 22%

Before the year-end adjustment, the credit balance in Allowance for Uncollectible Accounts was $600. Under the aging-of-receivables method, compute the Bad Debt Expense at year-end?

a. $1,650

b. $1,050

c. $1,000

d. $650

Reference no: EM132766946

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