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Business, 27.03.2020 00:47 yrodrig13

Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Co.: Cash sales $ 290,000 Credit sales 710,000 Total sales 1,000,000 Credit balance in the Allowance for Doubtful Accounts 8,000 Bad debt loss rate 3 % What is the estimate of bad debt expense?

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Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The follow...
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