Business, 27.11.2019 06:31 lLavenderl

Gpb company uses an allowance method to account for bad debts. company estimates that 5% of the outstanding accounts receivable will be uncollectible. at the end of the year, accounts receivable has a balance of $750,000, and allowance for uncollectible accounts has a debit balance of $9,000. company should record uncollectible accounts expense as:

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Gpb company uses an allowance method to account for bad debts. company estimates that 5% of the outs...

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