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Business, 10.03.2020 01:30 Weser17

During the year, credit sales amounted to $ 840,000. Cash collected on credit sales amounted to $ 790,000, and $ 18,000 has been written off. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. The amount of bad debts expense for 2019 is .

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During the year, credit sales amounted to $ 840,000. Cash collected on credit sales amounted to $ 79...
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