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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please do tge

Transcribed Image Text:b. During the year-end audit, B-Nice was suggested to change the way bad debts were
estimated. B-Nice currently uses the percentage of accounts receivable method (10%
of 611,100), but will have to revise its estimated bad debt expense using the aging of
accounts receivable method. The information pertaining to the accounts receivable is
given below:
Amount ($)
DV Farmer
116,500
Due date
January 17, 2022
JJ Joysen
91,200
June 30, 2021
NJ Bell
53,600
July 12, 2021
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