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What amount of bad debt expense would the company report

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Question - In the balance sheet at the end of its first year of operations, Draper Inc. reported an allowance for uncollectible accounts of $82,000. During the year, Draper wrote off $32,000 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,200,000, and cash collections from credit customers totaled $1,950,000. What amount of bad debt expense would the company report in its first-year income statement?

Reference no: EM133122772

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