=+/4 of 1% of credit sales, which is the rate reported as the average for the industry.
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=+/4 of 1% of credit sales, which is the rate reported as the average for the industry. Credit sales and the year-end credit balances in Allowance for Doubtful Accounts for the past four years are as follows:
Allowance for Year Credit Sales Doubtful Accounts 2007 $6,120,000 $ 6,390 2008 6,300,000 11,880 2009 6,390,000 17,000 2010 6,540,000 24,600
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