Problem 2: Accounts Receivable and Allowance (10 points) Show T Accounts clearly marked to earn...
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Problem 2: Accounts Receivable and Allowance (10 points) Show T Accounts clearly marked to earn any credit! A. ACE Co. prepared an aging of its A/R at 12/31/7 and determined that the net realizable value of the receivables was $900,000. Additional information is avaifable as follows: Calculate Ace CO's Bad Debt Expense for the year ended 12/31/7. Work: Answer (A) AR- B. Nenn Co.'s allowance for uncollectible accounts was $190.000 int the end of 207 and 5185,000 at the end of 206. For the year ended 12/31/7. Nenn reported bad debt expense of $34,000 in its incomestatement. What amount did Nenn debit to the appropriate Jccount in 207 to write off actual bad debts
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