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grin007 [14]
3 years ago
12

XYZ Company uses an allowance method to account for bad debts. It estimates that 5% of the accounts receivable will be uncollect

ible. At the end of the year, there is an accounts receivable balance of $750,000, and a debit balance in the Allowance for Uncollectible Accounts of $9,000. What is uncollectible accounts expense for the reporting period?
Business
1 answer:
Papessa [141]3 years ago
8 0
Aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
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The penalty charged on premature liquidation will serve as a deterrent of she wants to withdraw.

Certificate of deposit is a stable high yield form of investment that will give Connie good returns.

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