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Home Q & A Board Other Fields Homework Help Business Accounting
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Sharron Sharron
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6 years ago
Gross Accounts Receivable is $20,000. Allowance for Doubtful Accounts has a credit balance of $400. Net credit sales for the year are $125,000. In the past, 2% of credit sales had proved uncollectible, and an aging of the receivables indicates $1,500 is doubtful. Under the balance sheet approach, Bad Debts Expense for the year is
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bolbolbolbol
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6 years ago
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