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Business, 21.02.2020 03:39 yoyo5752

Assume that the balances in Accounts Receivable and the Allowance for Bad Debts accounts were $50,000 and $3,000, respectively, before a write-off entry for $1,000 was recorded. How much would have been reported on the balance sheet as "Net accounts receivable" before the write-off entry was recorded?

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Assume that the balances in Accounts Receivable and the Allowance for Bad Debts accounts were $50,00...
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