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The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30 2014 AII services are performed on terms of Assume all sales occurred

The following information is available regarding the outstanding accounts receivable of Mufu Contracting at September 30, 2014: AII services are performed on terms of n/30. Assume all sales occurred on the last day of the month. Mufu estimates bad debts using the following rates: Required a. Complete a Schedule of Accounts Receivable by Age at September 30, 2014 (similar to Exhibit 9.14). b. The Allowance for Doubtful Accounts showed an unadjusted balance on September 30, 2014, of $1,600. Record the adjusting entry at September 30, 2014, to estimate uncollectible accounts.

Apr 11 2020 View more View Less

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