Crosby Company reports the following data for the past three years: Compute the allowance for bad debts
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Compute the allowance for bad debts as a percentage of accounts receivable and evaluate the quality of accounts receivable over the three-yearperiod.
Transcribed Image Text:
Year Year 3 Year 2 Year 1 Ending Accounts Receivable S307,800 268,150 224,300 Ending Allowance for Bad Debts $51,650 37,540 21,800
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Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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