Duffy enterprises declares bankruptcy

Assignment Help Cost Accounting

Reference no: EM1376648

At 31^st December, 2011, Grayson Company reported Accounts Receivable of €34,000 and Allowance for Doubtful Accounts of €3,500. On 7^th January, 2012, Duffy Enterprises declares bankruptcy and it is evaluated that the receivable of €1,200 from Duffy is not collectible.

Reference no: EM1376648

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