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Business, 12.08.2020 07:01 mullery7482

Coronado Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $32500. During 2017, it wrote off $21700 of accounts and collected $6150 on accounts previously written off. The balance in Accounts Receivable was $620000 at 1/1 and $730000 at 12/31. At 12/31/17, Smithson estimates that 7% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2017

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Coronado Industries had a 1/1/17 balance in the Allowance for Doubtful Accounts of $32500. During 20...
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