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24 On April 1, 2020, Diego Corporation sold their customer Dora, Inc. $15,000 of products with the payment terms of 3/15, net 30. If Dora
24 On April 1, 2020, Diego Corporation sold their customer Dora, Inc. $15,000 of products with the payment terms of 3/15, net 30. If Dora pays Deigo on April 10th, the amount of cash received would be: a. $15,000 b. $450 C. $0 d. $14,550 QUESTION 25 Shirley, Inc. records its bad debt expense using the credit sales method. Total sales during 2021 were $1,700,000, which consisted of $400,000 of cash sales and the remainder were credit sales. Shirley's estimation is that 4% of net sales would be uncollectible. During the year, Shirley wrote off $150,000 of accounts receivable and the allowance for doubtful accounts amount is $75,000. What is the amount of bad debt expense for 2021? a. $52,000 b. $28,000 C. $6,000 $55,000 1.5 points Save Answer 1.5 points Save
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