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N.com low/connecthtml Ch 6 and 7 6 Help Seve Ed Sube Brief Exercise 7-14 (Algo) Uncollectible...

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n.com low/connecthtml Ch 6 and 7 6 Help Seve Ed Sube Brief Exercise 7-14 (Algo) Uncollectible accounts, balance sheet approac
n.com low/connecthtml Ch 6 and 7 6 Help Seve Ed Sube Brief Exercise 7-14 (Algo) Uncollectible accounts, balance sheet approach (LO7-5, 7-6] The following information relates to a company's accounts receivable gross accounts receivable belance at the beginning of the year, $470,000, allowance for uncollectible accounts at the beginning of the year. $36,000 credit balance credit sales during the year, $1,800,000. accounts receivable written off during the year. $27000 cash collections from customers. $1.950,000 Assuming the company estimates that future bad debts will equal 9% of the year-end balance in accounts receivable 1. Calculate bad debt expense for the year 2. Calculate the year-end balance in the allowance for uncollectible accounts 1. Bad de expense 2. Endng balance < Prey 10 - 12 Next > 40

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Accounts Receurable Ale To balance bld 4,70,000 By Allowance To creditsales 18,00,000 for Doubtful Ala 27000 19,50,000 By cas

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