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Determine the allowance for doubtful accounts balance

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Question - Jill Company provides for bad debt expense at the rate of 3% of credit sales. The following data are available for 2020.

Allowance for doubtful accounts 1/1/2020 $15000

Accounts written off as uncollectible during 2020 $9000

Credit sales in 2020 $1000000

Required - Determine the allowance for doubtful accounts balance at December 31/2020?

Reference no: EM132541264

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