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Time outstanding Accounts Receivable $ amount Fraction expected to be uncollectible...

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Question

Accounting

Time outstanding Accounts Receivable $ amount

Fraction expected to be uncollectible
Less than 30 days $34,100 1%
31-60 days 4,400 2%
61-90 days 7,400 6%
91-120 days 1,800 25%
121+ days 1,200 40%

Weston Company completed an aging of their accounts receivable. The previous balance in the allowance was $440. Based on aging of accounts receivable, what is the estimated amount of bad debt expense they should recognize?

Group of answer choices

$1,363

$1,460

$2,243

$1,350

$1,803

Answer & Explanation Solved by verified expert
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