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Business, 28.08.2020 18:01 fathimasaynas2384

A newly created design business, Teri's Art, is finishing its first year of operations. During the year, credit sales were $40,000 and collections of credit sales were $34,000. One account for $650 was written off. Teri's Art uses the agingβˆ’ofβˆ’receivables method to account for bad debts expense. It has estimated $250 as uncollectible at yearβˆ’end. What is the amount of the Bad Debts Expense for the first year of operations?

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