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At 31st december 2011 grayson company reported accounts

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At 31st December, 2011, Grayson Company reported Accounts Receivable of €34,000 and Allowance for Doubtful Accounts of €3,500. On 7th January, 2012, Duffy Enterprises declares bankruptcy and it is evaluated that the receivable of €1,200 from Duffy is not collectible.

Reference no: EM13370769

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