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19.03.2020 •
Business
During 2017 sales on account were $390,000 and collections on account were $230,000. also, during 2017 the company wrote off $22,000 in uncollectible accounts. an analysis of outstanding receivable accounts at year end indicated that bad debts should be estimated at $144,000. the change in the cash realizable value from the balance at 12/31/16 to 12/31/17 was
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