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Can you solve requires 1,2,3a,3b with explanation! Return to question athmore Clothing...

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Can you solve requires 1,2,3a,3b with explanation!
Return to question athmore Clothing Corporation grants its customers 30 days' credit. The company uses the allowance method for uncollectible accounts receivable. During the year, a monthly bad debt accr e amount of credit sales for the month. At th hedule is prepared and the allowance for uncollectible accounts is adjusted accordingly ual is made by multiplying 2% times e fiscal year-end of December 31, an aging of accounts receivable the end of 2017, accounts receivable were $576,000 and the allowance account had a credit balance of $40,000 counts receivable activity for 2018 was as follows: Beginning balance Credit sales Collections Write-offs $ 576,000 2,630,000o (2,493,000) (40,000) $ 673,000 Ending balance ontroller prepared the following aging summary of year-end accounts receivable: Amount Percent Uncollectible Age Group 0-60 days 61-90 days 91-120 davs $435,000 98,000 50.000 20 Next > K Prev 8 of 11

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