The company had an accounts receivable balance of 60000 and, Ask an Expert

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The company had an Accounts Receivable balance of $60,000 and an Allowance for Uncollectible Accounts balance of $550 (credit) on the trial balance. Credit sales for the year totaled $600,000. The accountant determined that 5% of the ending Accounts Receivable balance will ultimately be uncollectible.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9965940

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