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6 1 points eBook References TB 08-62 Your company uses the percentage of credit s... Your company uses the percentage of credit sales method for
6 1 points eBook References TB 08-62 Your company uses the percentage of credit s... Your company uses the percentage of credit sales method for calculating bad debt expense. Historically the company's uncollectible accounts have been 6% of credit sales. If your company has $216,000 in total sales during the period, of which $178,000 are on credit, the amount of bad debt expense that should be recorded for the period is: Multiple Choice is $12,960. Is $10,680. is $38,000. cannot be determined from the information given. S
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