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The Allowance for uncollectible accounts currently has a credit balance of $900.After analyzing the accounts in the accounts receivable subsidiary ledger using the aging method,the company's management estimates that uncollectible accounts will be $15,000.
-What will be the balance of the Allowance for uncollectible accounts reported on the balance sheet?
Asset Value
The monetary worth of physical or non-physical items owned by an individual or entity, which can be converted into cash or provide economic benefits.
Deadline
A specific time or date by which a task must be completed or a project must be finalized.
Corporate Demand
The total demand for products or services generated by businesses and corporations.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values.
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