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ignore my answers Canada Co has the following balances in its general ledger: Accounts receivable $12 000 Less: Allowance for doubtful debts (2 500) $9
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Canada Co has the following balances in its general ledger: Accounts receivable $12 000 Less: Allowance for doubtful debts (2 500) $9 500 If a debt for $1000, previously provided for as doubtful, is written off as bad, what is the estimated net realisable value of accounts receivable after the write off? Select one: a. Not one of the options b. $9 500 c. $11 000 d. $10 500 e. $8 500Step by Step Solution
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