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Assume the company estimates bad debt using anging anlyasis

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Reference no: EM13576819

Slider company sales its marchemdice only when crdiet. The following data is avalible in december 31, 2014:

  • Sales 375000
  • sales retuens and allownces 12,000
  • Accounts recivble at juanary 1st 2014 60,600
  • allownce for doubtfull accounts at juanary 1st, 2014 3,200
  • cash collections during 2014 362,500
  • account written of as uncollectble during 2014 2,400
  • reffer to the data

assume the company estimates bad debt using anging anlyasis and the aging schedule indicates that 3600 of the end of the year account recivble will be uncollectble

A) what amount will the company recognize as a bad debt expence for the year?
B) if the ending balance of accounts recivble is 38700 what is the net realizble value of accounts receivble reported on december 31 2014?

Reference no: EM13576819

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