Business, 07.11.2019 03:31 valeriegarcia12
Assume simple co. had credit sales of $249,000 and cost of goods sold of $149,000 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 $240. what amount of bad debt expense would the company record as an end-of-period adjustment
Answers: 2
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Assume simple co. had credit sales of $249,000 and cost of goods sold of $149,000 for the period. si...
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