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On December 31,2018,Coolwear Inc.had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,400 and $940,respectively.During 2019,Coolwear wrote off $820 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $1,140 at December 31,2019.Bad debt expense for 2019 would be:
Solubility
The ability of a substance (solute) to dissolve into another substance (solvent), forming a solution at a specific temperature and pressure.
Dissolve
To form a solution by mixing evenly with a liquid, causing a solid to become incorporated into the liquid so it becomes homogeneous.
Precipitate
A solid substance that forms in a solution through a chemical reaction and settles out of the solution.
Conduct
To transmit or facilitate the transfer of something, such as electricity or heat, or to carry out a particular action or task.
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