Co. has the following normal account balances on its published financial statements for the year...
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Accounting
Co. has the following normal account balances on its published financial statements for the year ended December 31, Year3: Bad debt expense for the year $ 22,000
Accounts receivable (12/31/Year3) $ 115,000
Allowance for doubtful accounts (12/31/Year3) $ 20,000
How much does Kneado Co. "expect to collect" of the accounts receivable at 12/31/Year3?
. a. $73,000 b. $115,000 c. $93,000 d. $95,000
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