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At the end of the current year, accounts receivable has a balance of $2,150,000, allowance for doubtful accounts Has a debit balance of $10,500, and
At the end of the current year, accounts receivable has a balance of $2,150,000, allowance for doubtful accounts Has a debit balance of $10,500, and sales for the year total $51,850,000. Using the aging method, the balance of allowance for doubtful accounts is estimated as $110,000.
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