At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $310,000 and...
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Accounting
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $310,000 and $520 (credit) in Allowance for Uncollectible Accounts. An analysis of Amy Jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. Bad debt expense for the year should be: $9,820. $9,681. $9,300. $8,780.
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