Business, 27.03.2020 05:33, Jorjalilli1318

December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable. Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.

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December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:T...