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Question 16 Assume a company had the following account information for the most recent year after adjusting for bad debt: Net Credit Sales: $100,000

Question 16 Assume a company had the following account information for the most recent year after adjusting for bad debt: Net Credit Sales: $100,000 Uncollectible Account Expense: $5,000 Accounts Receivable: $42,000 Allowance for Uncollectible Accounts: $7,100 What is the appropriate amount for the company to report its accounts receivable on the balance sheet? 2 pts

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