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Question 6 3:33 points Save Answer Mendenhall Glacier Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as
Question 6 3:33 points Save Answer Mendenhall Glacier Company uses the allowance method to account for uncollectible accounts receivable. Bad debt expense is established as a percentage of credit sales. For 2021, net credit sales totaled $4,200,000, and the estimated bad debt percentage is 1.25%. The allowance for uncollectible accounts had a credit balance of $40,000 at the beginning of 2021 and 542,000, after adjusting entries, at the end of 2021 Question What is the amount of accounts receivable written off during 2021? 340,000 $42.000 $50,500 352,500
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