Business, 24.03.2020 22:26 durham953

Laura had net sales (all on account) in 2020 of $840000. At December 31, 2020, before adjusting entries, the balances in selected accounts were: accounts receivable $1060000 debit, and allowance for doubtful accounts $2190 debit. Laura estimates that 4% of its accounts receivable will prove to be uncollectible. What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020?

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Laura had net sales (all on account) in 2020 of $840000. At December 31, 2020, before adjusting entr...

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