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Required information [The following information applies to the questions displayed below.] Perez Company began the current year with a balance of $152,000 in accounts receivable
Required information [The following information applies to the questions displayed below.] Perez Company began the current year with a balance of $152,000 in accounts receivable and $9,000 in allowance for doubtful accounts. During the year, it provided $658,000 in services to customers on account and collected $581,000 in cash from its accounts receivable. Perez wrote off $6,700 of uncollectible accounts during the year. At the end of the year, the company prepared an aging schedule and adjusted its accounts based on the estimate that $13,400 of receivables would not be collected. Required: a. Compute the uncollectible accounts expense Uncollectible accounts expense
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