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Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit
Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2008, its first year of operations, Classic Auto Parts experienced the following: Assume that Classic Auto Parts uses the direct write-off method of accounting for bad debts. What is the Accounts Receivable balance at December 31, 2008? 11, 946 13, 340 9, 278 14, 734
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