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Asay Company has provided you with the following information for 2017: Net credit sales are $129,000 for 2017 Historical percentage of accounts receivable estimated to
Asay Company has provided you with the following information for 2017:
- Net credit sales are $129,000 for 2017
- Historical percentage of accounts receivable estimated to be uncollectible is 6%
- Allowance for doubtful accounts has a beginning credit balance of $1,000
- Accounts receivable has an ending balance of $52,000
- Write-offs during 2017 were $1,300
What is the estimated BAD DEBT EXPENSE for 2017 using the aging of accounts receivable method?
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
25th Edition
1260780147, 9781260780147
