The F1 Company has provided the following information: Accounts receivable written-off as uncollectible during...
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Accounting
The F1 Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $11,500. The accounts receivable balance at the beginning of the year was $150,000. The accounts receivable balance at the end of the year was $210.000 The allowance for doubtful accounts balance at the beginning of the year was $14,000. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12.900. Credit sales during the year totaled $900,000. How much cash was received from collections of accounts receivable
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