=+Dec. 31. Lights of the West Company uses the percent of credit sales method of estimating uncollectible
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=+Dec. 31. Lights of the West Company uses the percent of credit sales method of estimating uncollectible accounts expense. Based on past history and industry averages, 11
⁄2% of credit sales are expected to be uncollectible. Lights of the West Company recorded $975,000 of credit sales during 2010.
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