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Shamrockin's unadjusted trial balance at December 31, 2020, included the following accounts: Credit Debit $7,600 Allowance for doubtful accounts Sales revere Sales returns and allowances
Shamrockin's unadjusted trial balance at December 31, 2020, included the following accounts: Credit Debit $7,600 Allowance for doubtful accounts Sales revere Sales returns and allowances Sales discounts $1.985,000 61.600 3,900 Shamrock estimates its bad debt expense to be 20% of net sales. Determine its bad deht expense for 2020 and answer to decimales. 58,971) Bad debt expense $ At the end of its first year of operations, on December 31, 2020, Skysonging reported the following information Accounts receivable, net of allowance for doubtful accounts Customer accounts written off as uncollectible during 2020 Bad debt expense for 2020 $1,020,000 23.500 98,000 What is the balance in accounts receivable at December 31, 2020, before subtracting the allowance for doubtful account? Accounts receivable, before deducting allowance for doubtful accounts 5 The following accounts were taken from Metlock Inc's unadjusted trial balance at December 31, 2020: Debit Credit $1,020,000 $22,700 Sales revenue (all on credit) Sales discounts Allowance for doubtful accounts Accounts receivable 34,000 730,000 If doubtful accounts are 8% of accounts receivable, what is the bad debt expense amount to be reported for 2020? Bad debt expense $ Attempts: 0 of 1 used Submit
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