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Business, 18.10.2019 22:00 lilpeepxliltracy

Wellington corp. has outstanding accounts receivable totaling $1.27 million as of december 31 and sales on credit during the year of $6.4 million. there is also a debit balance of $6,000 in the allowance for doubtful accounts. if the company estimates that 2% of its accounts receivable will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt?

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Wellington corp. has outstanding accounts receivable totaling $1.27 million as of december 31 and sa...

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