Question
In 2017, Margs Antiques deducted a reserve for doubtful debts of $12,000. During 2018, she had actual write-offs of $12,500 and recoveries of previously written
In 2017, Margs Antiques deducted a reserve for doubtful debts of $12,000. During 2018, she had actual write-offs of $12,500 and recoveries of previously written off debts of $1,500. At the end of 2018, she deducted a reserve for doubtful debts of $14,000. Margs 2018 net deduction for bad debts would be?
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
