Age the receivables and determine the estimated balance of the Allowance for Bad Debts account: Not yet due: $24,000, 1% uncollectible; 1-60 days past due: $6,000, 4% uncollectible; 61-180 days past due: $2,000, 25% uncollectible; Over 180 days past due: $400, 60% uncollectible
a. $24,000
b. $300
c. $1,120
d. 1,650
e. None of the above
e
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