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6) Kelton Inc. reported net credit sales of $310,000 for the current year. The unadjusted eredu balance in its Allowance for Doubtful Accounts is
6) Kelton Inc. reported net credit sales of $310,000 for the current year. The unadjusted eredu balance in its Allowance for Doubtful Accounts is $525. The company has experienced bad debt losses of 2% of credit sales in prior periods, Using the percentage of credit sales method, what amount should the company record as an estimate of Bad Debt Expense? C) $6200 D) $6725 A) $2100 B) $1575
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