BeenBasic84361 BeenBasic84361

03-04-2024
Business

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Juan, Inc. had the following balances in accounts for the year ending December 31st:
Accounts receivable: $34,800 (Dr.)
Allowance for Doubtful Accounts: $220 (Cr.)
Juan, Inc, estimates that 3% of accounts receivable will default (not pay).
What is the ending balance in the Allowance for Uncollectible Accounts?

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