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Discuss analysis of accounts receivable indicates

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Reference no: EM131761908

Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases and indicate the ending balance in each case.

(a) Credit balance of $410 in Allowance for Doubtful Accounts just prior to adjustment. Analysis of Accounts Receivable indicates uncollectible receivables of $7,390.

(b) Credit balance of $410 in Allowance for Doubtful Accounts just prior to adjustment. Uncollectible receivables are estimated at 1% of credit sales, which totaled $854,000 for the year.

Reference no: EM131761908

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