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Question 2 (50 points) Percent of Receivables Method: In Requirement 3, you journalized the adjustment to record bad debt expense assuming Windy estimates bad
Question 2 (50 points) Percent of Receivables Method: In Requirement 3, you journalized the adjustment to record bad debt expense assuming Windy estimates bad debts as 1% of receivables. Based on your work, enter the following: Bad Debt Expense The Ending Balance of the Allowance for Bad Debts Assuming an ending balance of Accounts Receivable of $63,200. What is the value of Net Accounts Receivable reported on the year-end Balance Sheet? Net Accounts Receivable A
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