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Business, 13.10.2021 23:10 Rogeartest4

Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sales on credit during the year of $6.40 million. There is also a debit balance of $6000 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 expense

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Wellington Corp. has outstanding accounts receivable totaling $1.27 million as of December 31 and sa...

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