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The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $ 3 5 0 , 0
The following information relates to a company's accounts receivable: gross accounts receivable balance at the beginning of the year, $; allowance for uncollectible accounts at the beginning of the year, $credit balance; credit sales during the year, $; accounts receivable written off during the year, $; cash collections from customers, $ Assuming the company estimates bad debts at an amount equal to of credit sales.
Calculate bad debt expense for the year.
Calculate the yearend balance in the allowance for uncollectible accounts.
table Bad debt expense,$ Ending balance,vdots,
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