Micah Company uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year.

The following additional information is available for the current year:

Question

Micah Company uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year.
 
The following additional information is available for the current year:

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The Answer of Micah Company uses the allowance method of accounting for bad debts. The following summary schedule was prepared from an aging of accounts receivable outstanding on December 31 of the current year.
 
The following additional information is available for the current year:

Micah Company Uses the Allowance Method of Accounting for Bad