Business, 20.03.2020 10:09 bandchick527
On March 31, Vale Co. had an unadjusted credit balance of $1,000 in its allowance for credit losses. An analysis of Vale’s trade accounts receivable at that date revealed the following: Estimated Age Amount Uncollectible 0-30 days $60,000 5% 31-60 days 4,000 10% Over 60 days 2,000 70% What amount should Vale report as allowance for credit losses in its March 31 balance sheet?
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On March 31, Vale Co. had an unadjusted credit balance of $1,000 in its allowance for credit losses....
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