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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $162,000 Credit sales, $462,000 Selling and administrative expenses, $122,000
Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $162,000 Credit sales, $462,000 Selling and administrative expenses, $122,000 Sales returns and allowances, $42,000 Gross profit, $502,000 Accounts receivable, $225,000 Sales discounts, $26,000 Allowance for doubtful accounts credit balance, $2, 400 Flyer estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. How much is Flyer's bad debt expense? $6, 930 $9, 330 $6, 960 $4, 530
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