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On December 31, 2014, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doubtful Accounts. On January 2, 2015, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $10,000. a. What amount would the company report as its net accounts receivable on December 31, 2014
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On December 31, 2014, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $...
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