The amount of bad debt allowance and accounts written off during the year. Given information: Credit sale is $ 9,350,000. Opening and closing accounts receivable is $700,000 and $ 9,065,000 respectively. Opening and closing of allowance account is $225,000 and $362,600 respectively. Cash collection is $930,000.

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Chapter 9, Problem 9.3P

To determine

The amount of bad debt allowance and accounts written off during the year.

Given information:

Credit sale is $ 9,350,000.

Opening and closing accounts receivable is $700,000 and $ 9,065,000 respectively.

Opening and closing of allowance account is $225,000 and $362,600 respectively.

Cash collection is $930,000.

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