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Impulse Inc. had the following unadjusted account balances at December 31, 2015, its year-end. Impulse estimates its uncollectible accounts as five per cent of its
Impulse Inc. had the following unadjusted account balances at December 31, 2015, its year-end. 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, 2015. 2. Calculate the amount of bad debt expense that will appear on Impulse's income statement at December 31, 2015
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