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Business, 06.08.2021 18:50 chaosdamax8295

Margaret had net sales (all on account) in 2020 of $830000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1030000 debit, and allowance for doubtful accounts $2330 debit. Margaret estimates that 4% of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020

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Margaret had net sales (all on account) in 2020 of $830000. At December 31, 2020, before adjusting e...
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