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Business, 14.04.2020 21:17 geckos3411

During 2021, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written off in prior years. Jacobsen's December 31, 2020, allowance for uncollectible accounts was $40,000. Using the balance sheet approach, what amount of allowance for uncollectible accounts should Jacobsen report at December 31, 2021

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During 2021, Jacobsen wrote off $18,000 in receivables and recovered $6,000 that had been written of...
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