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Harvest Company has the following December 31 General Ledger Account Balances after adjustments relating to Sales and Recelvables: Sales $39,750 (of which 40% are credit

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Harvest Company has the following December 31 General Ledger Account Balances after adjustments relating to Sales and Recelvables: Sales $39,750 (of which 40% are credit sales still outstanding) Sales returns and Allowances $1,000 Miscellaneous Recelvables $1,212 Allowance for Doubtful Accounts \$1,502. Long term Recelvables $9.014 Advances to Shareholders and Directors $4,761 Notes Receivables $2,903 (Current Portion) Bad Debt Expense is estimated as 4% of credit sales Required 1: Assuming no other transaction happened, what is the Bad Debt Expense reported on Decmber 31st? $ Reauired 2: Assuming no other transaction happened, what is the adjusted net balance of all current Recelvables at December 3 tst? $ Required 3: Assuming no other transaction happened, what is the adjusted net balance of Accounts Receivables at December 31st?$

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