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20. A company uses the percent of sales method. At the end of the year, the company reported the following on their unadjusted trial balance.
20. A company uses the percent of sales method. At the end of the year, the company reported the following on their unadjusted trial balance. Accounts receivable Debit 358,000 Allowance for uncollectable accounts credit 530 Net sales credit 803,000 x 03.16 All sales are credit sales. What amount should be debited to bad debt expense if they estimate that 3% will be uncollectible
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