Ace co. prepared an aging of its accounts receivable at, Ask an Expert

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Ace Co. prepared an aging of its accounts receivable at December 31, 2010 and determined that the net realizable value of the receivables was $450,000. Additional information is available as follows:

Allowance for uncollectible accounts at 1/1/10-credit balance $ 38,000
Accounts written off as uncollectible during 2010 44,000
Accounts receivable at 12/31/10 530,000
Uncollectible accounts recovered during 2010 15,000
For the year ended December 31, 2010, what would be Ace's uncollectible accounts expense?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M987470

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