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The Firm is undecided about which base to use in estimating uncollectible accounts. On December 31, the balance in Accounts Receivable 190,000 and net credit
The Firm is undecided about which base to use in estimating uncollectible accounts. On December 31, the balance in Accounts Receivable 190,000 and net credit sales amounted to $1,200,000 during - An aging analysis of the accounts receivable indicated $27,000 that in accounts are expected to be uncollectible. - past experience has shown that about 2.0\% of net credit sales eventually are uncollectible
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