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Post# of 17370
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Bill_Investor

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Bill_Investor

Re: the_worm06 post# 10370

Wednesday, 02/04/2009 1:21:59 PM

Wednesday, February 04, 2009 1:21:59 PM

Post# of 17370
Typically, bad debt is booked to record a reserve for uncollectible accounts. Per the notes, the reserve was $5,600.

Now, if an uncollectible account is subsequently collected, an adjustment is typically made to the reserve and NOT revenue.

Further, if the reserve was $5,600, then where does this $208,000 come from?

Does not make sense.

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