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At the beginning of the year, accounts receivable were $30,000and the allowance for bad debts was $1,500. During the year, sales(all on account) were $100,000,
At the beginning of the year, accounts receivable were $30,000and the allowance for bad debts was $1,500. During the year, sales(all on account) were $100,000, cash collections were $94,000, baddeb 0 answers
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
