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Discuss the company writes off uncollectible accounts

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Question: During 2021, its first year of operations, Pave Construction provides services on account of $138,000. By the end of 2021, cash collections on these accounts total $99,000. Pave estimates that 20% of the uncollected accounts will be uncollectible. In 2022, the company writes off uncollectible accounts of $7,020.

Reference no: EM133434881

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