Business, 12.12.2019 23:31 natalie2sheffield
At the end of the first year of operations, yolandi company had $900,000 in sales and accounts receivable of $350,000. xyz’s management has estimated that 1.5% of sales will be uncollectible. for the end of 2019, after the adjusting entry for bad debts was journalized, what is the balance in the following accounts:
1. bad debt expense:
2. allowance for doubtful accounts:
3. for the end of 2019, what is the company's net realizable value?
Answers: 1
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At the end of the first year of operations, yolandi company had $900,000 in sales and accounts recei...
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