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Hello, could you please give me the right answer and how to solve this question? Assume Simple Co. had credit sales of $255,000 and cost
Hello, could you please give me the right answer and how to solve this question? Assume Simple Co. had credit sales of $255,000 and cost of goods sold of $155,000 for the period. Simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $300 What amount of Bad Debt Expense would the company record as an end-of-period adjustment? Answer is complete but not entirely correct. Bad Debt Expense 4,800
Hello, could you please give me the right answer and how to solve this question?
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