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Credit sales were made in the amount of $400,000. Cash sales were made in the amount of $200,000. Bad debt rate is 5%. Company uses
- Credit sales were made in the amount of $400,000. Cash sales were made in the amount of $200,000. Bad debt rate is 5%. Company uses percent of sale method. Book entry to recognize bad debts.
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
