Problem 4 Mikie Company had the following information relating to its accounts receivable for the year ended December 31, 2006: Accounts receivable at January 1 Allowance for doubtful accounts at January Credit sales Collections from customers 1,200,000 60,000 5,300,000 4,650,000 75,000 Accounts written off Estimated uncollectible receivable per aging of receivables at December 31 1. At December 31, 2006, Mikie 's allowance for doubtful accounts 110,000

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