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Determine the allowance for doubtful accounts at December

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Question - At December 31, 2014, Chambers Co. has gross accounts receivable of $127,000. There is a $10,000 credit balance in the allowance for doubtful accounts. Historically, bad debt expense has averaged 15% of accounts receivable. Determine the allowance for doubtful accounts at December 31, 2014?

Reference no: EM132562539

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