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Fall in the missing amounts Net Sales 315.000 Net Purchases 423,000 cost of Goods Sold SHOOT penses 100.000 Ending memory Grosso Net Income 101 000

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Fall in the missing amounts Net Sales 315.000 Net Purchases 423,000 cost of Goods Sold SHOOT penses 100.000 Ending memory Grosso Net Income 101 000 231 000 3 Information for the Hooper Company is as follows: (6 points) Accounts Receivable at December 31, 2020 14,500 Allowance for Doubtful Accounts (Credit Balance) at December 31, 2020 BOO Net Sales for the Year Ended December 31, 2020 94,000 A What is the amount of uncollectible accounts expense for 2020 if the company uses the income Statement Approach and management estimates that 2% of credit sales are deemed uncollectible? B. What is the amount of uncollectible accounts expense if the company uses the Balance Sheet Approach and based on an aging of the receivables management estimates that $2,300 are uncollectible? C. What is the net realizable value of accounts receivable if the company uses the balance sheer approach? 111

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