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$84,000 Accounts receivable, December 31, Year 5 (debit) Net credit sales for Year 5 163,000 Accounts written off as uncollectible during Year 5 19,000
$84,000 Accounts receivable, December 31, Year 5 (debit) Net credit sales for Year 5 163,000 Accounts written off as uncollectible during Year 5 19,000 Cash sales during Year 5 41,000 The company uses the direct write-off method for bad debts. What is the amount of bad debts expense?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
