Copper Company had a January 1, current year, balance in Allowance for Doubtful Accounts of S8,000...
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Copper Company had a January 1, current year, balance in Allowance for Doubtful Accounts of S8,000 credit. The following events required journal entries during the current year: Apr. Gida Good's account receivable of $4.700 was deemed uncollectible. 15 July I Christopher Claw paid the full amount of his previously written-off account receivable. The receivable of $5.300 had been written off last year. Dec. Bad debt expense was estimated to be 2.0% of credit sales for the year, 31 which were $1.475.000. What amount of allowance for doubtful accounts should appear in the December 31, current year, balance sheet? $38000 $38100 $38900 Copper Company had a January 1, current year, balance in Allowance for Doubtful Accounts of S8,000 credit. The following events required journal entries during the current year: Apr. Gida Good's account receivable of $4.700 was deemed uncollectible. 15 July I Christopher Claw paid the full amount of his previously written-off account receivable. The receivable of $5.300 had been written off last year. Dec. Bad debt expense was estimated to be 2.0% of credit sales for the year, 31 which were $1.475.000. What amount of allowance for doubtful accounts should appear in the December 31, current year, balance sheet? $38000 $38100 $38900
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Business Law and the Legal Environment
ISBN: 978-1111530600
6th Edition
Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson
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