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Mathematics, 14.11.2020 06:30 322993

At December 31, 2019, Bacardi Company had $ 500,000 in Accounts Receivable and $ 20,000 in the Allowance for Doubtful Accounts. All sales made by Bacardi are on account. During 2020, Bacardi recorded the following transactions: $ 2,000,000 in sales; $ 2,100,000 collected from customers; $ 27,000 in accounts were written off as uncollectible; and bad debt expense for the year ended December 31, 2020 was $ 31,000. When preparing their December 31, 2020 balance sheet, the amount Bacardi Company would report as net accounts receivable is:

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At December 31, 2019, Bacardi Company had $ 500,000 in Accounts Receivable and $ 20,000 in the Allow...
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