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please answer both will upvote On January 1, 20x1, Phoenix Company had a beginning balance of $30,000 in the allowance for doubtful accounts. During 201,
please answer both will upvote
On January 1, 20x1, Phoenix Company had a beginning balance of $30,000 in the allowance for doubtful accounts. During 201, the company wrote off accounts totaling $13,200 and collected $2,100 from an account previously written off. At December 31,201, Phoenix reported their ending Accounts Receivable balance at $1,316,000 and estimate that 3% of the receivables will prove to be uncollectible. Determine the following What is bad debt expense for the year? What is the ending balance in the Allowance account? Question 5 Which of the following is an appropriate reconciling item to the balance per bank in a bank reconciliation? NSF check. Bank interest. Check #2105 written and recorded by the company to pay a supplier in the amount of $305, processed by the bank for $350. Bank service charge Step by Step Solution
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