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Business, 05.05.2020 00:34 genyjoannerubiera

Seaforth International wrote off the following accounts receivable as uncollectible for the year ending December 31:
Customer Amount
Kim Abel $21,550
Lee Drake 33,925
Jenny Green 27,565
Mike Lamb 19,460
Total $102,500

The company prepared the following aging schedule for its accounts receivable on December 31:
Aging Class (Number of Days Past Due) Receivables Balance on December 31 Estimated Percent of Uncollectible Accounts
0-30 days $715,000 1%
31-60 days 310,000 2
61-90 days 102,000 15
91-120 fays 97,000 30
More than 120 days 60
Total receivables $1,300,000

A. Journalize the write-offs under the direct write-off method. I

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