mommer2019
06.05.2020 •
Business
The following aging information pertains to Daisy's accounts receivable at December 31, 2020: Days Outstanding Amount Estimated % Uncollectible 0-30 $ 424,000 1 % 31-60 144,000 3 % 61-120 104,000 8 % Over 120 124,000 15 % During 2020, Daisy wrote off $18,400 in receivables and recovered $6,400 that had been written off in prior years. Daisy's December 31, 2019, allowance for uncollectible accounts was $42,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Daisy report at December 31, 2020
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did you find out the answer i have the same question.
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