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From inception of operations to December 31, 2014, Fortner Corporation provided for uncollectible accounts receivable under the allowance method: Provisions were made monthly at 2%
From inception of operations to December 31, 2014, Fortner Corporation provided for uncollectible accounts receivable under the allowance method: Provisions were made monthly at 2% of credit sales; bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no year-end adjustments to the allowance account were made. Fortner
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