during the year bears Inc. recorded credit sales of $603,000. before adjustments at year- end...
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Accounting
during the year bears Inc. recorded credit sales of $603,000. before adjustments at year- end bears has accounts receivable of 370,000 of which 59,000 is past due. in the allowance account had a credit balance of $2800. using the aging of receivables method what would be the adjustment assuming bears expects it will not collect 8% of the amount not yet past due and 23% of the amount past due?
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