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Hadara Company has accounts receivable of $93,100 at March 31. Credit terms are 2/10, n/30. At...

Hadara Company has accounts receivable of $93,100 at March 31. Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,200 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. Use the below aging schedule to determine:

Age of Accounts

Balance, March 31

Estimated Percentage Uncollectible

1–30 days

$60,000

2%

31–60 days

17,600

5%

61–90 days

8,500

20%

Over 90 days

7,000

50%

Total

$93,100

Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir

Business   Accounting   
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