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(Learning Objective 4: Evaluate collectibility using the allowance for uncollectible accounts) During its first year of operations, Chocolate Passion, Inc., had sales of $361,000, all

(Learning Objective 4: Evaluate collectibility using the allowance for uncollectible accounts) During its first year of operations, Chocolate Passion, Inc., had sales of $361,000, all on account. Industry experience suggests that Chocolate Passion

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