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SAT, 16.02.2022 14:00 oliviaicono14

On december 31, 2016 before adjusting entries, accounts receivable for nickolas company had a debit balance of $200,000, and the allowance for doubtful accounts had a credit balance of $6,000. Credit sales for the year were $1,600,000. If credit losses are estimated at 1% of credit sales:.

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