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Determine what the net income

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Question - During its first year of operations, O'Hara Automotive Supply Co. had net sales of $4,050,000, wrote off $112,350 of accounts as uncollectible using the direct write-off method, and reported net income of $212,800. If the allowance method of accounting for uncollectibles had been used, 2J/2% of net sales would have been estimated as uncollectible. Determine what the net income would have been if the allowance method had been used.

Reference no: EM132524712

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