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Business, 03.12.2019 23:31 anferneebcoleman

Discount mart utilizes the allowance method of accounting for uncollectible receivables. on december 12, the company receives a $550 check from chad thomas in settlement of thomas’s $1,100 outstanding accounts receivable. due to thomas’s failing health, he is closing his company and is expecting to make no further payments to discount mart.

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Discount mart utilizes the allowance method of accounting for uncollectible receivables. on december...
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