Business, 10.03.2020 23:59 genyjoannerubiera
Line Drive Apparel has outstanding accounts receivable totaling $856,000 as of December 31 and sales on credit during the year of $3.4 million. There is also a debit balance of $12,000 in the allowance for doubtful accounts and the company estimates that 2% of its net credit sales will be uncollectible. what will be the balance in the bad debt expense account after the year-end adjustment to record bad debt expense?
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Line Drive Apparel has outstanding accounts receivable totaling $856,000 as of December 31 and sales...
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