Shore Co provides for doubtful accounts based on 4% of gross trade receivables. The following data are

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Shore Co provides for doubtful accounts based on 4% of gross trade receivables.

The following data are available for 2016

Credit sales during 2017 5,500,000

Bad debt expense 60,000

Allowance for doubtful accounts 1/1/17 credit balance 10,000

Customer accounts written off as uncollectible during 2017 30,000

What is the balance in Allowance for Doubtful Accounts at December 31 2016.

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Jan 08, 2021 06:51 AM

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Shore Co provides for doubtful accounts based on 4% of gross trade receivables. The following data are

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Core Concepts of Accounting

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