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Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 3 1 had been based
Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December had been based on an estimated expense of of of the sales of $ for the year, determine the following:
a Bad debt expense for the year.
fill in the blank of $
b Balance in the allowance account after the adjustment of December
fill in the blank of $
c Expected net realizable value of the accounts receivable as of December after all of the adjustments and the adjusting entry
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