1 Time remaining: 00:44 12 of 18 Mada, Inc. uses the percentage of receivables basis...
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1 Time remaining: 00:44 12 of 18 Mada, Inc. uses the percentage of receivables basis to estimate its bad debts. At December 31, 2020, Mada estimates total bad debts that will become uncollectible in the future as $11,140. The existing balance in the Allowance for Doubtful Accounts is a debit balance of $2,640. The Accounts Receivable balance at December 31, 2020 is $198,000. The cash realizable value of Accounts Receivable reported on the statement of financial position at December 31, 2020 is: O $184.220. O $209,140. $186,860. $189,500
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