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On December 31, Year 3, Alpha Company had an ending balance…
On December 31, Year 3, Alpha Company had an ending balance of $400,000 in its accounts receivable account and an unadjusted (current) balance in its allowance for doubtful accounts account of $600. Alpha estimates uncollectible accounts expense to be 1% of receivables. Based on this information, the amount of uncollectible accounts expense shown on the Year 3 income statement is
On December 31, Year 3, Alpha Company had an ending balance…
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On December 31, Yeаr 3, Alphа Cоmpаny had an ending balance оf $400,000 in its accоunts receivable account and an unadjusted (current) balance in its allowance for doubtful accounts account of $600. Alpha estimates uncollectible accounts expense to be 1% of receivables. Based on this information, the amount of uncollectible accounts expense shown on the Year 3 income statement is