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Business, 15.04.2020 02:30 billgray2571
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $89,500 and $2,700, respectively, at December 31, 2020. During 2021, Rahal's credit sales and collections were $410,000 and $414,000, respectively, and $2,940 in accounts receivable were written off. Rahal's accounts receivable at December 31, 2021, are:
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For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported...
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