At the end of january 4500 of accounts receivable are past, Ask an Expert

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At the end of January, $4,500 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $20,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92040985

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