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Creek Company uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of

 

Creek Company uses the percentage of credit sales method in determining its bad debt expense. The following information comes from the accounting records of Creek Company: Cash sales Credit sales Total sales Credit balance in the Allowance for Doubtful Accounts Bad debt loss rate What is the estimated bad debt expense? $ 210,000 790,000 1,000,000 5,500 3%

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