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Business, 05.07.2019 23:30 cutie22327

During the year, credit sales amounted to $820,000. cash collected on credit sales amounted to $780,000, and $15,000 has been written off. at the end of the year, the company adjusted for bad debts expense using the percent-of-sales method and applied a rate, based on past history, of 2.5%. the ending balance in the allowance for bad debts is

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During the year, credit sales amounted to $820,000. cash collected on credit sales amounted to $780,...
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