(SOLVED): The December 31,2013 balance sheet of barone company had accounts receivable of $400000 and a credit balance in allowance for doubtful accounts of…


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$15

The December 31,2013 balance sheet of barone company had accounts receivable of $400000 and a credit balance in allowance for doubtful accounts of $32000. During 2014, the following transactions occurred: sales on account 1,500,000; sales returns and allowances, $50,000; collects from costumers, $1,250,000; accounts written off $36,000; previously written off accounts of $6,000 were collected.

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$15