A corporation began 2021 with $40000 balance and accounts receivable and an $800 balance and...
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Accounting
A corporation began 2021 with $40000 balance and accounts receivable and an $800 balance and the allowance for doubtful accounts. During 2021 the company had a credit sales of $45000 on account collections on accounts receivable of 37000 and wrote off uncollectible accounts of 300 during the year the company uses the allowance method and believes that 2% of the outstanding accounts receivable balance will be uncollected
What will the balance be in the accounts receivable account at the end of 2021?
What will be the amount of uncollectible expense?
What will be the net realizable value of receivables?
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