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Business, 09.12.2021 02:00 emilyplays474
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 349,000 debit Allowance for uncollectible accounts 660 debit Net Sales 794,000 credit All sales are made on credit. Based on past experience, the company estimates that 0. 6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared?.
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A company uses the percent of sales method to determine its bad debts expense. At the end of the cur...
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