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View Policies Current Attempt in Progress ND Filters Inc. had an Accounts Receivable balance of $94,000, an Allowance for Doubtful accounts with a normal
View Policies Current Attempt in Progress ND Filters Inc. had an Accounts Receivable balance of $94,000, an Allowance for Doubtful accounts with a normal balance of $13,000 and a net loss of $65,400 prior to the following transactions: The company recorded bad debt expense of $5,500 based on an estimate of credit sales to date. The company wrote off accounts of customers owing $6,600. The company recovered $6,040 in receivables from customers whose accounts had previously been written off. The company had credit sales of $23,730 which were not yet recorded. Calculate ND Filters' net income (or loss) after the above transactions. (Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses eg. (2,945).) Net income (or loss) List of Accounts Question Part Score --/1
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