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I am not sure if this is filled out correctly. can you please show how this is to be done? At December 31, 2017, Foress

I am not sure if this is filled out correctly. can you please show how this is to be done?

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At December 31, 2017, Foress Imports Inc. reported this information on its balance sheet. 601,000 44,000 Accounts receivable Less: Allowance for doubtful accounts During 2018, the company had the following summary transactions related to receivables and sales. Foress uses the perpetual inventory system. 1. Sales on account amounted to $2,298,000. The cost of the inventory sold was $1,769,460 2. Sales returns and allowances with a total sales price of $ 40,000 and a cost of $ 30,800 were restored to inventory. 3. Collections of accounts receivable were $2,022,000. 4. Write-offs of accounts receivable deemed uncollectible, $ 49,000. 5. Recovery of bad debts previously written off as uncollectible,$14,000

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