Business, 15.06.2021 23:50 ravenconner85

During its first year of operations, Mack's Plumbing Supply Co. had sales of $620,000, wrote off $9,900 of accounts as uncollectible using the direct write-off method, and reported net income of $68,200. Determine what the net income would have been if the allowance method had been used, and the company estimated that 2% of sales would be uncollectible.

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During its first year of operations, Mack's Plumbing Supply Co. had sales of $620,000, wrote off $9,...

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