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Business, 05.05.2020 06:24 brittanysanders

During its first year of operations, Mack’s Plumbing Supply Co. had sales of $650,000, wrote off $10,400 of accounts as uncollectible using the direct write-off method, and reported net income of $71,500. Determine what the net income would have been if the allowance method had been used, and the company estimated that 1 3/4% of sales would be uncollectible.

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During its first year of operations, Mack’s Plumbing Supply Co. had sales of $650,000, wrote off $10...
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