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following balances: Accounts receivable $ 12,700 Allowance for doubtful accounts $ 300 (Credit Balance) Net Credit Sales $ 640,000 a. If the company estimates that
following balances:
Accounts receivable $ 12,700
Allowance for doubtful accounts $ 300 (Credit Balance)
Net Credit Sales $ 640,000
a. If the company estimates that 1% of its net credit sales will be uncollectible, what would the journal entry look like?
b. If the company estimates that 10% of its accounts receivables will be uncollectible, what would the journal entry look like?
c. What is the net present value for both (a and b)?
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