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I need help with 20-25 Use the following to answer questions 20 22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts
I need help with 20-25
Use the following to answer questions 20 22 At the beginning of the year; MB, Inc.'s allowance for uncollectible accounts had a beginning balance of $4,500. On January 22nd, MB wrote off the A/R from customer C for $400 20. Record the entry for write-off 21. $ _By the end of the year (December 31st); total accounts written off were $4,450 (including the write off for customer C). What is the balance in the allowance for uncollectible accounts after all the write- offs? 22. $_ How much did bad debt expense change when the company wrote off the accounts receivables? Use the following to answer questions 23 - 25 The company invested $200,000 on October 1, 20XA at 4% simple interest for 2 years (24 months). 23. $. Determine interest revenue for 20XA 24. $ _Determine interest revenue for 20XB 25. $ Determine interest revenue for 20XCStep by Step Solution
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