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Question 23 For the fiscal years 2019 and 2020, Apple Co. reported the following: 2019 Sales $44,123,486; Accounts Receivable $749,321 and 2020 Sales $34, 124,961
Question 23 For the fiscal years 2019 and 2020, Apple Co. reported the following: 2019 Sales $44,123,486; Accounts Receivable $749,321 and 2020 Sales $34, 124,961 and Accounts Receivables $719,365. The accounts receivable turnover is 46.47. True False Question 47 Record the adjusting entry at December 31, 2020, the end of the fiscal year, to record the bad debt expense. The accounts receivable account has a balance of $700,000 and the allowance account before adjustment has a credit balance of $800. Analysis of the receivables indicates uncollectible receivables of $13,000. Determine Net Realizable Value, O 5700,800 5687.800 5687,000 $686,200 Question 50 Deductions from an employee's paycheck are classified as O revenues expenses current assets current payables
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