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Bad Debt Expense: Percentage of Credit Sales Method Bradford Plumbing had the following data for a recent year: Bradford estimates that 2.4% of credit sales
Bad Debt Expense: Percentage of Credit Sales Method Bradford Plumbing had the following data for a recent year: Bradford estimates that 2.4% of credit sales will eventually default. Required: 1. Compute bad debt expense for the year (rounding to the nearest whole number). $ 2. Determine the ending balances in accounts receivable and allowance for doubtful accounts. Ending Balance Accounts receivable $ Allowance for doubtful accounts $
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