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Title: At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:Accounts ... Post by: H3Ko on Aug 29, 2016 At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:
Accounts Receivable $44,000 (debit balance) Allowance for Bad Debts $6,000 (credit balance) Bad Debts Expense $0 During the year, credit sales amounted to $800,000. Cash collected on credit sales amounted to $760,000, and $18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 3.5%. The ending balance of Accounts Receivable is ________. A) $66,000 B) $18,000 C) $44,000 D) $56,140 Title: Re: At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:Accounts ... Post by: .unplugged. on Aug 29, 2016 Content hidden
Title: Re: At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:Accounts ... Post by: H3Ko on Oct 12, 2016 I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
Title: Re: At the beginning of 2017, Delicious Drinks, Inc. has the following account balances:Accounts ... Post by: Emily Jasmin on Apr 13, 2020 thank you
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