Business
Business, 01.02.2021 23:10, 21ghostrider21

During its first year of operations, Fisher Plumbing Supply Co. had sales of $480,000, wrote off $7,700 of accounts as uncollectible using the direct write-off method, and reported net income of $52,800. Determine what the net income would have been if the allowance method had been used, and the company estimated that 1 1/2% of sales would be uncollectible.

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During its first year of operations, Fisher Plumbing Supply Co. had sales of $480,000, wrote off $7,...

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