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Calculate the total accounts collected during the year

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Reference no: EM133184344

Question - Calculate the total accounts collected during the year (each).

Record (journal entry) the bad debt expense (each).

 

Company A

Company B

Opening Balance

350,000

Sales

On credit

1,8000,000

56,000

Cash

25,000

8500

Write off

500

750

Ending balance

500,000

12500

Bad debt expense

2% of ending AR

1% of ending AR

Reference no: EM133184344

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