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The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the

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The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance): credit sales during the year, $1,500,000; accounts receivable written off during the year, $16.000 cash collections from customers. $1.450.000. Assuming the company estimates that future bad debts will equal 10% of the year-end balance in accounts receivable, 1. Calculate the year-end balance in the allowance for uncollectible accounts. 2. Calculate bad debt expense for the year, 1. Ending balance 2. Bad debt expense

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