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Complete this question by entering your answers in the tabs below. Estimate the amount of uncollectible receivables. Note: Round your answers to 1 decimal place.
Complete this question by entering your answers in the tabs below.
Estimate the amount of uncollectible receivables. Note: Round your answers to 1 decimal place.
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Assume the balance of Allowance for Uncollectible Accounts prior to year-end adjustment is $2,173 (positive). Determine the amount of the adjustment needed to Allowance for Uncollectible Accounts.
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Calculate net accounts receivable reported in the balance sheet. Note: Amounts to be deducted should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.
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- What amount of bad debt expense is reported in the income statement. Note: Round your answer to the nearest whole dollar amount.
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