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Question: Peoples Company uses the percentage of Assets Recievable method to Determine Bad Expense; based on the company's history, 15% of the Accounts Recievable balance
Question: Peoples Company uses the percentage of Assets Recievable method to Determine Bad Expense; based on the company's history, 15% of the Accounts Recievable balance will be uncollectible. Year Accounts Receivable Balance Write-off 20x5 $1000,000 20x6 $1,200,000 $120,000 20x7 $1,400.000 $190,000 20x8 $1,600,000 $200,000 Based on the information, above determine the the following: A. Bad Debt Expense B.Allowance for Uncollectible Accounts C. Net Realizable Value 2. My subject is Accounting 1 Non- Business Major
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