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Hello, please help me to solve those two questions. Match each account or phrase to its description. A. The amount of total A/R the company
Hello, please help me to solve those two questions.
Match each account or phrase to its description. A. The amount of total A/R the company expects to collect from its customers. B. The amount of total A/R the company does not expect to collect from customers. C. The total amount of money customers owe the company. D. The amount of estimated uncollectibles the company records in a given period. select 1. Allowance for Doubtful Accounts select 2. Bad Debt Expense select 3. Net Accounts Receivable select 4. Gross Accounts Receivable A company has the following information related to Receivables: Description Amount $242699 Accounts Receivable, Beginning of Period Allowance for Doubtful Accounts, Beginning of Period $13414 Total Sales $250329 Cash Sales $130745 A/R Collections from Customers $68081 Write-Offs $3782 (Note: Enter Assuming the company will use 15% of receivables to estimate its bad debts, how much bad debt expense will the company record in the current period? $ numbers only; no symbols, spaces, commas, etc. Round final answer to the nearest whole number.)Step by Step Solution
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