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The following information is from the records of Mountainview Camera Shop: Accounts receivable. December 31, 2018 $81,000 (debit) Net credit sales for 2018 161,000 Accounts
The following information is from the records of Mountainview Camera Shop: Accounts receivable. December 31, 2018 $81,000 (debit) Net credit sales for 2018 161,000 Accounts written off as uncollectible during 2018 | 15,000 Cash sales during 2018 45,000 The company uses the direct write-off method for bad debts. What is the amount of bad debts expense? $65,000 $45,000 $15,000 $81,000 QUESTION 48 Which of the following is the correct formula to calculate weighted average unit cost for merchandise inventory? Weighted average unit cost-Cost of goods available for sale - Number of units available Weighted average unit cost-Cost of goods available for sale + Number of units available Weighted average unit cost Cost of goods available for sale Number of units available Weighted average unit cost Cost of goods available for sale/ Number of units avaiable
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