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Requirement 2. Estimate the Allowance for Doubtful Accounts required at June 30, 2020, assuming the following uncollectible rates: 30 days, 3%; 60 days, 6%;
Requirement 2. Estimate the Allowance for Doubtful Accounts required at June 30, 2020, assuming the following uncollectible rates: 30 days, 3%; 60 days, 6%; 90 days, 20%; >90 days 50%. The estimate of the Allowance for Doubtful Accounts required at June 30, 2020, is $ 2,884 Requirement 3. Show how Li Dental would report its accounts receivable on its June 30, 2020, balance sheet. What amounts would be reported on an income statement prepared for the six-month period ended June 30, 2020? Balance Sheet (Partial): Accounts receivable, net 00
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