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What is the ending balance in the allowance

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Question - During the? year, Horace Company had net credit sales of $46000. At the end of the? year, before adjusting? entries, the balance in Accounts Receivable was $11500 ?(debit) and the balance in Allowance for Bad Debts was $600 (credit). If the company uses an income statement approach to estimate bad debts at 10?%, what is the ending balance in the Allowance for Bad Debts? account?

Reference no: EM133088735

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