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Il Sprint LTE 1 10% O 9:07 PM egcc.bnedloudcloud.com ng files have been uploaded as part of this Resource: Student Te 1 of 1 t

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Il Sprint LTE 1 10% O 9:07 PM egcc.bnedloudcloud.com ng files have been uploaded as part of this Resource: Student Te 1 of 1 t Page: 312 of 691 - + Automatic Zoom: CP 7-5 Impulse Inc. had the following unadjusted account balances at December 31, 2019, its year-end. Accounts Receivable Allowance for Doubtful Accounts Sales Account Balances Debit Credit $125,000 $ 3,000 750,000 Impulse estimates its uncollectible accounts as five per cent of its December 31 accounts receivable balance. Required: 1. Calculate the amount of estimated uncollectible accounts that will appear on Impulse's balance sheet at December 31, 2019 2. Calculate the amount of bad debt expense that will appear on Impulse's income statement at December 31, 2019. 3. Prepare a partial balance sheet at December 31, 2019 showing accounts receivable, allowance for doubtful accounts, and the net accounts receivable

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