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At the close of its first year of operations, December 31, 2014, Madeline Company had accounts receivable of $1,100,000, after deducting the related allowance for doubtful accounts. During 2014, the company had charges to bad debt expense of $160,000 and wrote off, as uncollectible, accounts receivable of $90,000. What should the company report on its balance sheet at December 31, 2014, as gross accounts receivable?

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Accounting Basics, Accounting

Category:- Accounting Basics
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