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Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable...

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Accounting

Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable are $1,300,000 and the allowance account has a 3,000$ debit balance management estimate that 1% of accounts receivable will be uncollectible . how much is the balance of doubtful accounts to be reported on the statement of financial position at year end

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