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How to calculate bad debt expense and beginning allowance for doubtful accounts for each year? Year Total Sales Credit Sales Ending Accounts Receivable Ending Allowance
How to calculate bad debt expense and beginning allowance for doubtful accounts for each year?
Year Total Sales Credit Sales Ending Accounts Receivable Ending Allowance for Doubtful Accounts $25,600 Write-offs of Uncollectible Accounts 2018 $1,250,000 $1,100,000 $256,000 $0 2019 $1,894,000 $1,612,000 $338,520 $33,852 $25,300 2020 $2,477,000 $2,386,000 $501,060 $50,106 $34,700 2021 $3,202,000 $2,870,000 $588,350 $58,835 $50,678 2022 $3,351,000 $3,000,000 $597,000 $59,700 $50,350Step by Step Solution
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