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Ken Company had a beginning of the year balance in accounts receivable of $90,000 and an ending of the year balance in accounts receivable
Ken Company had a beginning of the year balance in accounts receivable of $90,000 and an ending of the year balance in accounts receivable of $80,000. Credit sales during the year are $600,000 and cash sales are $100,000. What is the amount of cash collections from accounts receivable during the year? Select one: $610,000 $710,000 $690,000 $10,000 Football Inc.s allowance for doubtful accounts has a balance of $100,000 at the beginning of the year and a a balance of $125,000 at the end of the year. Accounts receivable of $5,000 were written off during the year. What is the bad debt expense for the year? Select one: $30,000 $25,000 $35,000 $100,000 Bad debts expense is? Select one: contra asset account current asset selling expense on the income statement selling expense on the balance sheet
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