Question: QUESTION INFORMATION: The table below provides information pertaining to Waddle Company's accounts receivable for 2020. Accounts receivable (January 1, 2020) Accounts receivable (December 31, 2020)

QUESTION INFORMATION: The table below provides information pertaining to Waddle Company's

QUESTION INFORMATION: The table below provides information pertaining to Waddle Company's accounts receivable for 2020. Accounts receivable (January 1, 2020) Accounts receivable (December 31, 2020) Credit sales during 2020 Write-offs during 2020 $500 $240 $1,200 $40 QUESTION TO ANSWER: If Waddle's January 1, 2020 balance in the allowance for doubtful accounts is $30 and 6% of credit sales are deemed uncollectible, what is Waddle's December 31, 2029 balance in the allowance for doubtful accounts

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