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Business, 15.03.2022 15:10 brutcherk

At the end of 2021, Sheridan Company has accounts receivable of $730,400 and an allowance for doubtful accounts of $34,000. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $7,300.

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At the end of 2021, Sheridan Company has accounts receivable of $730,400 and an allowance for doubtf...
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