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3 Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $17,880 at the beginning of 2021
3 Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance of $17,880 at the beginning of 2021 and a $23,610 credit balance at the end of 2021 (after adjusting entries). If the direct write-off method had been used to account for uncollectible accounts (bad debt expense equals actual write-offs), the income statement for 2021 would have included bad debt expense of $18,300 and revenue of $3,400 from the colection of previously written off bad debts points Required Determine bad debt expense for 2021 according to the allowance method Skipped Bad debt expense for the year 2021 eBook Hrd Print References
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