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At year-end december 31 alvare company estimates its bad

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At year-end (December 31), Alvare Company estimates its bad debts as 0.40% of its annual credit sales of $945,000. Alvare records its Bad Debts Expense for that estimate. On the following February 1, Alvare decides that the $473 account of P. Coble is uncollectible and writes it off as a bad debt. On June 5, Coble unexpectedly pays the amount previously written off.

Reference no: EM13577384

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