Business, 04.03.2021 21:20 jasminemora4
Vaughn Manufacturing had a 1/1/20 balance in the Allowance for Doubtful Accounts of $19000. During 2020, it wrote off $15180 of accounts and collected $4530 on accounts previously written off. The balance in Accounts Receivable was $440000 at 1/1 and $520000 at 12/31. At 12/31/20, Vaughn estimates that 6% of accounts receivable will prove to be uncollectible. What should Vaughn report as its Allowance for Doubtful Accounts at 12/31/20?
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Vaughn Manufacturing had a 1/1/20 balance in the Allowance for Doubtful Accounts of $19000. During 2...
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