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Industrial Equipment Supply is a new business. During its first year of operations, credit sales were $ 45 comma 000and collections of credit sales were $ 33 comma 000.One account, $ 725,was written off. Management uses the to account for bad debts expense and estimated $ 550as uncollectible at year end. The ending balance of the Allowance for Bad Debts is .
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Industrial Equipment Supply is a new business. During its first year of operations, credit sales wer...
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