Balance in Allowance for Uncollectible Accounts Groth Company reported the following ledger account balances at December 31,
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Balance in Allowance for Uncollectible Accounts Groth Company reported the following ledger account balances at December 31, 2000.
Bad debt expense for 2000 has not been recorded. The management of Groth Company estimates that a balance of $9,600 is needed in the allowance for uncollectible accounts at December 31, 2000.
a. What amount of credit sales was reported for 2000?
b. What amount of cash payment was received from customers in 2000?
c. What amount of accounts receivable was written off as uncollectible in 2000?
d. What amount must Groth Company record as bad debt expense for 2000?
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Related Book For 
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
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