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Business, 07.04.2020 23:11 beccadoyle0809

Niagara Art is a new business. During its first year of operations, credit sales were $44,000 and collections of credit sales were $33,000. One account, $625, was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 2% of credit sales to be uncollectible. Bad debts expense for the first year of operations is .

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