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STatiana [176]
2 years ago
6

Becky had net sales (all on account) in 2020 of $8,000,000. At December 31, 2020, before adjusting entries, the balances in sele

cted accounts were:
accounts receivable $1,000,000 debit, and allowance for doubtful accounts $2,000 debit.

Becky estimates that 3% of its accounts receivable will prove to be uncollectible.

What is the net amount expected to be collected of the receivables reported on the financial statements at December 31, 2020?
Business
1 answer:
DerKrebs [107]2 years ago
3 0

Answer:

$970,000

Explanation:

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