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On the basis of the following data calculate the total amount of current assets. Cash Notes receivable Accounts receivable $ 96,500 10,000 275,000 Wages Payable
On the basis of the following data calculate the total amount of current assets. Cash Notes receivable Accounts receivable $ 96,500 10,000 275,000 Wages Payable 4,900 Allowance for doubtful accounts 45,000 Interest receivable 1,000 Building 540,000 Prepaid Expenses 1,800 Accumulated Depreciation 42,000 Inventory 13,700 Total current assets: $ A 60-day, 9% note for $10,000, dated June 1, is received from a customer on account. (Interest is based on 360days/year) The maturity value of the note is: $_ At the end of 2018, Accounts Receivable has a balance of $152,784, Allowance for Doubtful Accounts has a credit balance of $900, and sales for the year total 853,200. Using the aging of receivables method the amount of uncollectable accounts is estimated at $5,850. What is the Bad Debt Expense at 12/31/18? $
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