Question: Example: Manama Co. uses the balance sheet approach to estimate bad debts. An analysis of the Accounts Receivable at December 31 2018 produced the following

Example: Manama Co. uses the balance sheet approach to estimate bad debts. An analysis of the Accounts Receivable at December 31 2018 produced the following age groups and the estimated percentage probably uncollectible. On June 25, 2019 Manama Co. write off $4,000 for Muharraq Co because not paid. On August 15 2019 Muharraq Co paid the amount which previous written off

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