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Business, 23.03.2021 04:30 limelight11

Crimson Inc. recorded credit sales of $684,000, of which $520,000 is not yet due, $110,000 is past due for up to 180 days, and $54,000 is past due for more than 180 days. Under the aging of receivables method, Crimson Inc. expects it will not collect 5% of the amount not yet due, 14% of the amount past due for up to 180 days, and 23% of the amount past due for more than 180 days. The allowance account had a debit balance of $2,800 before adjustment. After adjusting for bad debt expense, what is the ending balance of the allowance account

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Crimson Inc. recorded credit sales of $684,000, of which $520,000 is not yet due, $110,000 is past d...
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