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Cullumber Company recorded $3340000 in credit sales and prepared the following aging schedule for its $670000 in Accounts Receivable: The balance in its allowance for
Cullumber Company recorded $3340000 in credit sales and prepared the following aging schedule for its $670000 in Accounts Receivable: The balance in its allowance for expected credit losses before year-end adjustments is a $1800 credit. The balance in the Allowance for expected credit losses after year-end adjustments will be $24020$20420$1800$22220 A company had the following inventory activity during November: If the company uses a perpetual system and the weighted-average cost formula, what is the gross margin on the November 5 sale? $6954 $10156 $9747 $9234
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