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At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january 24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,300.
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At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful acco...
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