In 2011 davis company had net sales of 750000. on january 1, Ask an Expert

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In 2011, Davis Company had net sales of $750,000. On January 1, 2011, Allowance for undoubtful accounts had a credit balance of $18,000. During 2011, $30,000 of uncollectible accounts receivable were written off. Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of allowance for doubtful accounts at December 31,2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M976217

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