Question
Labrador Inc. has the following information available for the current year: net sales $751,000 Bad debt expenses $59,000 Accounts receivable, beginning of the year $121,000
Labrador Inc. has the following information available for the current year: |
net sales | $751,000 |
Bad debt expenses | $59,000 |
Accounts receivable, beginning of the year | $121,000 |
Accounts receivable, end of year | $56,000 |
Provision for doubtful accounts, beginning of the year | $43,000 |
Provision for doubtful accounts, year-end | $63,000 |
What was the amount of cancellations during the year? |
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Managerial Accounting A Focus on Ethical Decision Making
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