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The Accounts Receivable balance for North, Inc. at December 31,2023 , was $27,000. During 2024 , North earned revenue of $462,000 on account and collected
The Accounts Receivable balance for North, Inc. at December 31,2023 , was $27,000. During 2024 , North earned revenue of $462,000 on account and collected $321,000 on account. North wrote off $6,000 receivables as uncollectible. Industry experience suggests that uncollectible accounts will amount to 2% of accounts receivable. Read the requirements. \begin{tabular}{c|c|} Requiremen December 31 explanation o & Requirements \\ Date \end{tabular}
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