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Business, 14.04.2020 15:52 hdjsjshshsh
Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of accounts receivable. During 2021, Chez Fred's credit sales and collections were $110,000 and $134,000, respectively. What was the balance of accounts receivable on January 1, 2021, if $210 in accounts receivable were written off during 2021 and if the allowance account had a balance of $510 on December 31, 2021?
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Chez Fred Bakery estimates the allowance for uncollectible accounts at 2% of the ending balance of a...
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