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Exercise 6-7 Estimating doubtful accounts Newbury Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on...

Ex 6-7 Attached is my questions, this is a practice problem and I am preparing for the midterm.
Exercise 6-7 Estimating doubtful accounts Newbury Bikes Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31, 2012, and a historical analysis of the percentage of uncollectible accounts in each age category are as follows: Age Interval Balance Percent Uncollectible No past due $667,000 1/2% 1-30 days past due 158,000 2 31-60 days past due 54,000 5 61-90 days past due 20,500 15 91-180 days past due 15,000 40 Over 180 days past due 10,500 75 $925,000 Estimate what the balance of the allowance for doubtful accounts should be as of December 31, 2012.
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Solution to exercise 6-7 (dwillz7208, Mar 1).xlsx

Exercise 6-7 Estimating doubtful accounts
Newbury Bikes Co. is a wholesaler of motorcycle supplies. An aging of the
company's accounts receivable on December 31, 2012, and a historical
analysis of...

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