Computing Bad Debt Expense AK Company reported an allowance for uncollectible accounts receivable of $16,200 at January
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Computing Bad Debt Expense AK Company reported an allowance for uncollectible accounts receivable of
$16,200 at January 1 and $19,500 at December 31. If a total of $42,600 of accounts receivable was written off as uncollectible during the year and the company estimated bad debt expense at 3 percent of credit sales:
a. What was bad debt expense for the year?
b. What were total credit sales for the year?
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Related Book For 
Financial Accounting A Decision Making Approach
ISBN: 9780471328230
2nd Edition
Authors: Thomas E. King, Valdean C. Lembke, John H. Smith
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