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Homework answers / question archive / The following balances appeared in a company's financial statements for the year ended 2018: October 31 2019 2018 Accounts Receivable $100,000 Allowance for Doubtful Accounts $ 1

The following balances appeared in a company's financial statements for the year ended 2018: October 31 2019 2018 Accounts Receivable $100,000 Allowance for Doubtful Accounts $ 1

Accounting

The following balances appeared in a company's financial statements for the year ended 2018: October 31 2019 2018 Accounts Receivable $100,000 Allowance for Doubtful Accounts $ 1.600 Cash collections during the year from Accounts Receivable, excluding recoveries, were $ 929.333. $4.000 of accounts receivables were written off during the year. The Allowance for Doubtful Accounts had a pre-adjusted debit balance of $1,400. The company uses the Percentage of Accounts Receivable method to estimate Bad Debt expense. The estimated Allowance for Doubtful Accounts for 2019 was $2.000; the amount is 1.2% of the Accounts Receivable balance on October 31, 2019. 1. Determine the amount of bad debt recoveries. Enter your answer in the following box. Enter numerical values only; do not any insert commas. S 2. Determine Bad Debt expense for the year ended October 31 2019. Insert your answer in the following box. Enter your answer in the following box. Enter numerical values only; do not insert any commas. $ 3. Determine Sales Revenue for the year ended October 31, 2019. Enter your answer in the following box. Enter numerical values only; do not insert any commas. 

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