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ACC 201 week 3 Assignment 1 2
$ 15.00

26 determining of account balances – percent of receivables allowance method of accounting for uncollectible accounts.

1. Service revenue $292,000 -  $57,400 receivable balance = $234,600

2. Receivable balance $57,400 x 4% of ending balance = $2,296

3. Receivable balance $57,400 - $2,296 ending balance= $55,104

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