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Marin Inc's unadjusted trial balance at December 31, 2020, included the following accounts: Debit Credit Allowance for doubtful accounts $8,300 Sales revenue $2,075,000 Sales returns
Marin Inc's unadjusted trial balance at December 31, 2020, included the following accounts: Debit Credit Allowance for doubtful accounts $8,300 Sales revenue $2,075,000 Sales returns and allowances 60,800 Sales discounts 4,600 Marin estimates its bad debt expense to be 1.0% of net sales. Determine its bad debt expense for 2020. (Round answer to 0 decimal places, e.g. 58,971.) Bad debt expense eTextbook and Media An analysis and aging of Riverbed Corp.'s accounts receivable at December 31, 2020, disclosed the following: Cullumber Company provides for doubtful accounts based on 4.5% of credit sales. The following data are available for 2020: Credit sales during 2020 $3,150,000 37,300 Allowance for doubtful accounts 1/1/20 Collection of accounts written off in prior years (customer credit was re-established) Customer accounts written off as uncollectible during 2020 18,500 36,500 What is the balance in Allowance for Doubtful Accounts at December 31, 2020? Allowance for doubtful accounts 12/31/20 $ $ eTextbook and Media At the end of its first year of operations, on December 31, 2020, Skysong Inc. reported the following information: $1,010,000 Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2020 23,000 Bad debt expense for 2020 96,000 $163,000 Amounts estimated to be uncollectible Accounts receivable 1,820,000 Allowance for doubtful accounts (per books) 130,000 What is the net realizable value of Riverbed Corp.'s receivables at December 31, 2020? Net realizable value $ eTextbook and Media Cullumber Company provides for doubtful accounts based on 4.5% of credit sales. The following data are available for 2020: Credit sales during 2020 $3,150,000 37,300 Allowance for doubtful accounts 1/1/20 Collection of accounts written off in prior years (customer credit was re-established) Customer accounts written off as uncollectible during 2020 18,500 36,500 Marin Inc's unadjusted trial balance at December 31, 2020, included the following accounts: Debit Credit Allowance for doubtful accounts $8,300 Sales revenue $2,075,000 Sales returns and allowances 60,800 Sales discounts 4,600 Marin estimates its bad debt expense to be 1.0% of net sales. Determine its bad debt expense for 2020. (Round answer to 0 decimal places, e.g. 58,971.) Bad debt expense eTextbook and Media An analysis and aging of Riverbed Corp.'s accounts receivable at December 31, 2020, disclosed the following
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