Larsen Company began the current year with balances in accounts receivable and allowance for doubtful...
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Accounting
Larsen Company began the current year with balances in accounts receivable and allowance for doubtful accounts of $ and $ respectively. The company reported credit sales of $ during the year, collected $ and wrote off $ of uncollectible accounts. Larsen Company estimates that of its accounts receivable balance will be uncollectible. Determine the balance in the allowance for doubtful accounts as of the end of the current year.
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