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Business, 22.10.2019 23:00 loisfriedman117

The following selected information is from company a's year 2 and year 3 financial statements: january 1, year 2, accounts receivable $20,000 bad debt expense recognized in year 2 1,480 accounts receivable written off in year 2 1,000 january 1, year 2, allowance for uncollectible accounts 800 credit sales in year 2 95,000 accounts receivable written off in year 3 2,000 credit sales in year 3 100,000 cash collected from customers in year 3 85,000 the company uses the balance-sheet approach to calculate the allowance for uncollectible accounts. the company estimates that 4% of its gross accounts receivable will become uncollectible. during years 2 and 3, no accounts previously written off were collected. complete company a's balance sheet using the information above. enter the appropriate amounts in the designated cells below. enter all amounts as positive values. round all amounts to the nearest dollar. if no entry is necessary, enter a zero (0).

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