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Business, 05.09.2019 00:30 MayFlowers

59) average art is a new business. during its first year of operations, credit sales were $40,000 and collections of credit sales were $36,000. one account, $650, was written off. management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. prepare the entry to record bad debts expense.

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59) average art is a new business. during its first year of operations, credit sales were $40,000 an...
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