A newly created design business called ABC is just finishing up its first year of operations....

 

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A newly created design business called "ABC" is just finishing up its first year of operations. During the year, there were credit sales of $42,000 and collections of $46,000. One account for $1834 was written off. "ABC" Company uses the aging-of-accounts method to account for uncollectible account expense and has calculated an amount of $3935 as their estimate of uncollectible amounts at year-end. Based on the above-given information, what is the ending balance in the bad debt expense account? Answer: A newly created design business called "ABC" is just finishing up its first year of operations. During the year, there were credit sales of $42,000 and collections of $46,000. One account for $1834 was written off. "ABC" Company uses the aging-of-accounts method to account for uncollectible account expense and has calculated an amount of $3935 as their estimate of uncollectible amounts at year-end. Based on the above-given information, what is the ending balance in the bad debt expense account? Answer:

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Answer Ending Balance of ... View the full answer