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Problem #3 At December 31,2016, Brown Cow Dairy's Allowance for uncollectible accounts...

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Accounting

Problem #3
At December 31,2016, Brown Cow Dairy's Allowance for uncollectible accounts balance was $300(credit) before the end-of-period adjusting entry was made. Brown Cow uses this aging schedule to estimate uncollectible accounts receivable:
Complete the aging schedule. Then record the year-end adjusting entry for bad debt expense:
Estimated
Estimated
Amount
Percent
Amount
Age Group
Receivable
Uncollectible
Uncollectible
0-30 days
$12,000
2%
30-60 days
5,000
10%
60+ days
3,000
30%
Total
$20,000
Account
Debit
Credit
What is the net realizable value of Brown Cow's accts receivable at 12/31/2016?______________

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