Business, 15.04.2020 17:35, gunnatvinson
In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of $82,000. During the year, Dinty wrote off $31,800 of accounts receivable it had attempted to collect and failed. Credit sales for the year were $2,340,000, and cash collections from credit customers totaled $1,910,000. What bad debt expense would Dinty report in its first-year income statement? 1.$82,000.2. $50,200. 3.$113,800.
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In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance fo...
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