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Please answer questions a, b, c, d on below attachments... Joey's Bike Shop sells new and us bicycle parts, Although a majority o its sales
Please answer questions a, b, c, d on below attachments...
Joey's Bike Shop sells new and us" bicycle parts, Although a majority o its sales are cash sales, it makes a significant amount of credit sales During 2016, its firs! year Of operations, Joey's Bike ihop experien ed the following: Sales: account; Cas Coll accounts receivable charged off during Ehe year Required $275,500 676,400 261,725 Assume $a!UoeyiS Bike Shop uses the allowance method of accounting for uncollectible accounts and estimates that 1 percent of its sales on aecount will not be collected. Answer the following questions:
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