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Business, 07.04.2020 22:37 lukeakalucas

Kelton Inc. reported net credit sales of $490,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $975. The company has experienced bad debt losses of 2% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as an estimate of Bad Debt Expense?

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Kelton Inc. reported net credit sales of $490,000 for the current year. The unadjusted credit balanc...
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