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Assume the following information for Shamrock Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable
Assume the following information for Shamrock Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $159,000 11,470 938,000 904,000 6,500 2,000 Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.
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