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Solve the projected new balance for the allowance

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Reference no: EM132832389

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: EM132832389

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