Allowance Method;;; David Company had used the allowance method recognizing credit losses and had provided...
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Accounting
Allowance Method;;;
David Company had used the allowance method recognizing credit losses and had provided for such
losses at the rate of 1.6% of credit sale, What amount in account receivable and allowance for
doubtful account would appear on the firm's balance sheet
data;;; sales total---$1,115,000
collection--$1,084,000
written off---$9,200
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