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Business, 05.09.2019 01:30 peytontanner

Following are the end of period amount balance for several stationery and office supply companies. each company uses the percentage of the net sales method to estimate its uncollectible accounts expense. the percentage used by each company is also listed.
name sales sales discount sales return& allowance netsell uncollectible(%)
andrews co. 142,360 1,423 936 2
the book note209,100 3,180 1,139 1
cable inc. 173,270 1,730 1,540 1.5
davis inc. 65,460 650 690 2
ever-sharp co. 95,085 900 1,035 1.25
instructions : 1. calculate the amount of adjustment for uncollectible accounts expense using the percentage of net sales method.

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