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Business, 02.11.2019 04:31 CHEVYWADDELL

Assume simple co. had credit sales of $247,000 and cost of goods sold of $147,000 for the period. simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. before the end-of-period adjustment is made, the allowance for doubtful accounts has a credit balance of $220. what amount of bad debt expense would the company record as an end-of-period adjustment?

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Assume simple co. had credit sales of $247,000 and cost of goods sold of $147,000 for the period. si...
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