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On January 1, 2020 Nickolai Co. reported Accounts Receivable of P1,144,000. Nickolai Co. uses the aging method in determining bad debts. The following table shows
On January 1, 2020 Nickolai Co. reported Accounts Receivable of P1,144,000. Nickolai Co. uses the aging method in determining bad debts. The following table shows the corresponding bad debt percentage of Nickolai Companys accounts receivable:
How much is the required allowance for doubtful accounts at December 31, 2020?
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