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Accounts receivable and allowance for doubtful accounts
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At the close of its first year of operations, December 31, 2010, Ming Company had accounts receivable of $540,000, after deducting the related allowance for doubtful accounts. During 2010, the company had charges to bad debt expense of $90,000 and wrote off, as uncollectible, accounts receivable of...
Accounts Receivable and Allowance for Doubtful Accounts
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IF a company sold$ 60000 of merchandise on credit.and Wrote off $10000 of uncollectible accounts receivable.Received $20000 cash in payment of accounts receivable. In adjusting the accounts , the company estimated that 0.5% of accounts receivable will be uncollectible. How can I account the ...
Allowance for Doubtful Accounts
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Does this means that you have allowance for actual doubtful accounts? Such as a 25,000 (credit) to offset the accounts that are proven uncollectable. Ok, Here is my question! My homework question! I am only asking for feedback not asking anyone to answer the question itself. Scott Co.... View more questions Search
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