Question: Allowance Method;;; David Company had used the allowance method recognizing credit losses and had provided for such losses at the rate of 1.6% of credit

Allowance Method;;;

David Company had used the allowance method recognizing credit losses and had provided for such

losses at the rate of 1.6% of credit sale, What amount in account receivable and allowance for

doubtful account would appear on the firm's balance sheet

data;;; sales total---$1,115,000

collection--$1,084,000

written off---$9,200

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