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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Hi I wanna know the solution of the following question.
Â
ABC Inc. estimates uncollectible accounts expense at .5% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $471,000 and $1,650, respectively, on December 31, 2008. During 2009, ABC's credit sales and collections were $375,011 and $279,422, respectively, and $4,592 in accounts receivable were written off. ABC's accounts receivable on December 31, 2009 is:Â
Â
how can I solve this?
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