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What is the net amount expected to be collected

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Question - At the end of 2020, Sheffield Company has accounts receivable of $640,000 and an allowance for doubtful accounts of $32,000. On January 16, 2021, Sheffield Company determined that its receivable from Ramirez Company of $4,800 will not be collected, and management authorized its write-off. What is the net amount expected to be collected of Sheffield Company's accounts receivable after the write-off of the Ramirez receivable?

Reference no: EM132723518

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