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At year-end December 31, Chan Company estimates its bad debts as 0.30% of its annual credit sales of $883,000. Chan records its bad debts expense

At year-end December 31, Chan Company estimates its bad debts as 0.30% of its annual credit sales of $883,000. Chan records its bad debts expense for that estimate. On the following February 1, Chan d 2 answers

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