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Help! I am so lost! On January 1, Thomas Company had the following (normal) account balances: Accounts Receivable: $ 74,600 Allowance for 2,050 Skip to

Help! I am so lost!
On January 1, Thomas Company had the following (normal) account balances: Accounts Receivable: $ 74,600 Allowance for 2,050 Skip to Main Content Uncollectible Accounts: E RECEIVABLES Accounts receivable in the balance sheet Vantress Credit Sales for the Year: $ 218,200 Collections of Accounts Receivable: 205.920 Write-off of Bad Debts: 1,180 Bad Debts Expense for Year: 1,140 (recorded as an adjusting entry on December 31) Required: Prepare the detailed balance sheet presentation of net realizable value. Thomas Company Current Assets (partial) December 31 Current Assets: (Choose one) X 5

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