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Jun 22, 2024
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ACC305: Intermediate Accounting | (BBE2420A) e — ravravey | Now compute the estimated bad debt allowance for each year and the total. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using future and present value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round intermediary currency computations and your final answer to the nearest cent, $X.XX.) Projected Cash Flow Year Losses 2023 $ 833333 2024 20,276.06 2025 5715.59 N 2026 22,418.41 N Total $ 56,743.39 What is the estimated bad debt allowance at December 31, 20227 (Round your final answer to the nearest cent, $X.XX.) The estimated bad debt allowance at N December 31, 2022 is $ 56,743.39 Get more help - CTry again) G
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