Microsoft develops, produces, and markets a wide range of computer software, including the Windows operating system. In
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According to its annual report, Microsoft recorded bad debt expense of $ 14 during year 2 and did not reinstate any previously written- off accounts.
Required:
1. What amount of bad debts was written off during year 2?
2. Assuming that all of Microsoft€™s sales during the period were on open account, compute the amount of cash collected from customers for year 2.
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Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
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