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On December 31, 2021, coolwear Inc. had balances in accounts receivable and allowance for uncollectible accounts of $44,000 and$ 2150 , respectively. during 2020 Coolwear
On December 31, 2021, coolwear Inc. had balances in accounts receivable and allowance for uncollectible accounts of $44,000 and$ 2150 , respectively. during 2020 Coolwear wrote off $875 in accounts receivable and determined that this should be an allowance for uncollectible accounts of $5000 for December 31, 2022. Bad debt expense for 2022 would be:
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
5th Edition
0273651560, 978-0273651567
