Business, 06.08.2019 03:30 ejhoff9713

Bonita industries has outstanding accounts receivable totaling $1.27 million as of december 31 and sales on credit during the year of $6.46 million. there is also a debit balance of $5300 in the allowance for doubtful accounts. if the company estimates that 2% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense?

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Bonita industries has outstanding accounts receivable totaling $1.27 million as of december 31 and s...

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