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Question 10 At the beginning of 2019, Dulli Corp. reported normal balances of $90,000 in Accounts Receivable and $6,000 in Allowance for Uncollectible Accounts. During
Question 10 At the beginning of 2019, Dulli Corp. reported normal balances of $90,000 in Accounts Receivable and $6,000 in Allowance for Uncollectible Accounts. During the year, the company had credit sales of $400,000, collections of accounts receivable of $360,000, and write-offs of uncollectible accounts of $10,000. The company uses the percentage of receivables method to estimate the provision for bad debts and past experience indicates that 6% of accounts A. What is the balance in Accounts Receivable on 12/31/19? C. What is the amount of net accounts receivable that should be reported on the 12/31/19 balance sheet
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