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At the end of 2009, Tatum Co. has accounts receivable of $719,755 and an allowance for doubtful accounts of $30,601. On January 24, 2010, it is...
At the end of 2009, Tatum Co. has accounts receivable of $719,755 and an allowance for doubtful accounts of $30,601. On January 24, 2010, it is learned that the company's receivable from Novinger Inc. is not collectible and therefore management authorizes a write-off of $2,837.(a)