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Business, 14.05.2021 17:10 lol15arec001
At the beginning of 2014, Sabrina Company had the following normal ledger balances: Accounts Receivable: $24,000 Allowance for Uncollectible Accounts: $1,000 During the year there were $450,000 of credit sales, $460,000 of collections from credit customers, and $3,700 of write-offs of delinquent accounts. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method, and applied a rate, based on past history, of 1.2%. At the end of the year, what was the balance in the Accounts receivable
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At the beginning of 2014, Sabrina Company had the following normal ledger balances: Accounts Receiva...
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