Carson's Bakery operates on a calendar year end and using the Aging Method. The company presents the following information: Total Amount % Estimated Estimated Number of Days Outstanding 0-30 31-60 61-90 91-120 Receivable Uncollectible Uncollectible 172,000 79,000 51,000 43,000 15,000 360,000 What is the ending balance in the company's Allowance for Doubtful account? (use a numeric value 1.00% 200% 5.00% 20.00% Over 120 40.00% TOTALS with a comma and no $ sign) Type your answer...

Carson's Bakery operates on a calendar year end and using the Aging Method. The company presents the following information: Total Amount % Estimated Estimated Number of Days Outstanding 0-30 31-60 61-90 91-120 Receivable Uncollectible Uncollectible 172,000 79,000 51,000 43,000 15,000 360,000 What is the ending balance in the company's Allowance for Doubtful account? (use a numeric value 1.00% 200% 5.00% 20.00% Over 120 40.00% TOTALS with a comma and no $ sign) Type your answer...

Name: Carson's Bakery operates on a calendar year end and using the Aging M
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Description: Carson's Bakery operates on a calendar year end and using the Aging Method. The companypresents the following information:TotalAmount% EstimatedEstimatedNumber of Days Outstanding0-3031-6061-9091-120ReceivableUncollectibleUncollectible172,00079,0005

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 7PROB

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