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Question 34 (10 points) On December 31, Burrell, Inc.'s books showed accounts receivable of $385,600; sales revenue of $1,480,000 (70% were on credit); and
Question 34 (10 points) On December 31, Burrell, Inc.'s books showed accounts receivable of $385,600; sales revenue of $1,480,000 (70% were on credit); and Allowance for Doubtful Accounts of $1,600 (credit balance). Calculate a) 10% of the accounts receivable balance is assumed to be uncollectible. b) Bad debts expense is estimated to be 2% of credit sales. a a) $38560 b) $29600 b a) $19120 b) $20720 c a) $36960 b) $20720 d a) $7712 b) $20720
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