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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Dean Art is a new business. During its first year of operations, credit sales were $41,000 and collections of credit sales were $38,000. One account, $725, was written off. Management uses the aging-of-receivables method to account for bad debts expense and estimated $525 as uncollectible at year end. The ending balance of the Allowance for Bad Debts is ________.
A) $1,230
B) $505
C) $525
D) $1,250
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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