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DejaVu Company has been in business for several years and has the following information for its operations in the current year: Total credit sales $3,306,000
DejaVu Company has been in business for several years and has the following information for its operations in the current year:
Total credit sales | $3,306,000 | ||
Bad debts written off in the year | 66,000 | ||
Accounts receivable balance on December 31 (after writing off the bad debts above) | 542,000 |
Your answer is incorrect. Try again Assume that DejaVu Company estimates its bad debts based on an aging analysis of its year-end accounts receivable, which indicates that a provision for uncollectible accounts of $43,000 is required i, what amount of bad debts expense will the company record if it has a credit balance (before adjustment) of $6,000 in its Allowance for Doubtful Accounts on December 31? Bad debts expense 103000 i. What amount of bad debts expense will it record if there is a debit balance (before adjustment) of $6,000 in its Allowance for Doubtful Accounts on December 31? Bad debts expense 115000
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