Business, 29.05.2020 20:01 jaheimnorman590

In 2022 the Bramble Corp. had net credit sales of $920000. On January 1, 2022, the Allowance for Doubtful Accounts had a credit balance of $22100. During 2022, $33200 of uncollectible accounts receivable were written off. Past experience indicates that the allowance should be 5% of the balance in receivables (percentage-of-receivables basis). If the accounts receivable balance at December 31 was $232000, what is the required adjustment to the Allowance for Doubtful Accounts at December 31, 2022

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In 2022 the Bramble Corp. had net credit sales of $920000. On January 1, 2022, the Allowance for Dou...

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