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Rcquired: 1 Assemble the desired data. Enter a decrease in the amount of expense as a negative number and all other amounts as positive numbers.
Rcquired: 1 Assemble the desired data. Enter a decrease in the amount of expense as a negative number and all other amounts as positive numbers. numbers. Call Systems Company Bad Debt Expense Year Expense Actally Reported Expense Based on Estimate Increase (Decrease) in Amount of Expense Balance of Allowance Account, End of Year 2nd 3rd 4th 2. Experience during the first four years of operations indicated that the receivables were either collected within two years or had to be written off as uncollectible. Does the estimate of % of sales appear to be reasonably close to the actual experience with uncollectible accounts originating during the first two years
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