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A company reports the following amounts at the end of the year; before any year- end adjusting entries have been made. Management estimates 5% of their account receivables will not be collectible. The company uses the percent-of-receivables method to determine bad debt expense. Credit sales for the year $1,950,000 Accounts receivable (A/R) $100,000 Allowance for uncollectible accounts ("AUA") $1,000 credit How much of the Accounts Receivable does management not expect to collect?
Sagot :
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