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The data below is for Alta Corporation for 2016. Accounts receivable--December 31, 2016 $2,144,000 Customer accounts written off as uncollectible during 2016 32,000 Allowance for
The data below is for Alta Corporation for 2016.
| Accounts receivable--December 31, 2016 | $2,144,000 |
| Customer accounts written off as uncollectible during 2016 | 32,000 |
| Allowance for doubtful accounts--January 1, 2016 | 34,800 |
| Estimated uncollectible accounts based on an aging analysis | 42,400 |
If the aging approach is used to estimate bad debts, determine the bad debt expense for 2016.
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Take Charge Of Your Money Now Essential Strategies For Winning In Any Financial Climate
Authors: A.J. Monte, Rick Swope
1st Edition
0345517334, 978-0345517333
