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07-10-2022
Business

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gray company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various aged categories of accounts. the gray company computes a total of $3,600 in estimated doubtful accounts as of december 31. its accounts receivable account has a balance of $112,800 and its allowance for doubtful accounts has a credit balance of $600 before adjustment at december 31.

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