SWFT Corp Partner Estates Trusts
42nd Edition
ISBN: 9780357161548
Author: Raabe
Publisher: Cengage
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Provide correct solution and accounting question
Galaxy Enterprises reports its accounts receivable on the balance sheet. The gross receivable balance is $75,000, and the allowance for uncollectible accounts is estimated at 12% of gross receivables. At what amount will accounts receivable be reported on the balance sheet?
Please provide the solution to this general accounting question with accurate financial calculations.
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