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Business, 27.10.2020 17:20 silvermansachs9189
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $311,000 and $970 (debit) in Allowance for Uncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 2% of accounts receivable. Bad debt expense for the year should be:
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At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $311,000 and $970...
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