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A the beginning of 2017, Brady, Ino. has the follouing account balances Accounts Receivable $42,000 (Debit Alowance for Bad Debts $6,000 (Credit) Bad Debts Expense
A the beginning of 2017, Brady, Ino. has the follouing account balances Accounts Receivable $42,000 (Debit Alowance for Bad Debts $6,000 (Credit) Bad Debts Expense $0 During the year, credit sales amounted to $850,000. Cash collected on credt sales amounted to $790.000, and $17,000 has been witen off. At the end of the year, the company adjusted for bad debts us 2.5%. The amount of bad debts expense for 2017 is sng the percent-of-sales method and applied a rate, based on past history, of s expense OA $21,250 08. $9.250 O C. $17000 O D $42,050 Cick to select your ansver 0
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