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Business, 22.10.2019 22:00 froyg1234

Flash co. uses the allowance method to account for bad debts. at the end of 2010, flash co.'s unadjusted trial balance shows an accounts receivable balance of $45,000; allowance for doubtful accounts balance of $400 (debit); and sales of $1,500,000. based on history, flash estimates that bad debts will be 0.5% of sales. the entry to record estimated bad debts will include an debit to bad debts expense in the amount of:

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Flash co. uses the allowance method to account for bad debts. at the end of 2010, flash co.'s unadju...
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