Merry Co.sells Christmas angels. Merry determines that at the end of December, they have the...
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Merry Co.sells Christmas angels. Merry determines that at the end of December, they have the following aging schedule of Accounts Receivable: Customer Total Number of Days Past Due Not yet due 1-30 31-60 61-90 Over 90 K. Brant D. Eaton S Klein C.Sheen $500 $300 $200 300 100 150 200 200 200 50 100 ? 300 300 250 200 100 % uncollectible 1% 5% 10 % 25 % 50% Compute the net receivables based on the above information at the end of December (There was no beginning balance in the Allowance for Doubtful Accounts) Net receivables
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