ABC Company began the year with $2000 Accounts Receivable and $100 Bad Debt Allowance. During...
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Accounting
ABC Company began the year with $2000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions:
Sales on Account $5000
Collection on Accounts Receivables $3800
Wrote off $80 of account that could not be collected
Estimated $200 of receivables are uncollectable.
What is ABC Company Net Income?
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