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In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000 During the
In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000 During the year. Dinty wrote off $32,000 of accounts receivable they had attempted to collect and failed. Credit sales for the year were $2, 200,000, and cash collections from credit customers totaled $1, 950,000. Is. ___what bed debt expense would Dinty report in its first-year income statement? $50,000. $12,000. $114.000. Can't be determined from the given information. What accounts receivable balance would Dinty report in its first year-end balance sheet?. $196,000. $211000. $230,000. None of the above is correct Dim's adjusting entry for bad debts at year-end, which of these would be included? Debit to bed debt expense for SI 14.000 Credit to allowance for uncollectible accounts for $82,000 Debit to accounts receivable for $32,000 All of the above are correct
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