Both fowler landscaping and stanley cleaning services

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27. Both Fowler Landscaping and Stanley Cleaning Services have estimated their uncollectible accounts for 2018 to be $3,500. In addition, both companies use the allowance method for uncollectible accounts. If Stanley Cleaning Services has to record a larger adjusting entry for their Allowance for Doubtful Accounts account at the end of 2017, what can you assume about the balance of the Allowance for Doubtful Accounts account for each company? 28. If the amount of bad debt expense is understated at year end, net Accounts Receivable will be a. Overstated b. Understated LO3: Explain how companies recognize, value and dispose of notes receivable
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