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Here is information related to Concord Company for 2022. Total credit sales $2,495,000 Accounts receivable at December 31 907,000 Uncollectibles written off 34,900 (a)
Here is information related to Concord Company for 2022. Total credit sales $2,495,000 Accounts receivable at December 31 907,000 Uncollectibles written off 34,900 (a) What amount of bad debt expense will Concord Company report if it uses the direct write-off method of accounting for uncoll 34900 (b) Assume that Concord Company uses the percentage-of-receivables basis to record bad debt expenseand concludes that 5% o 59 39,250 (c) $ Assume that Concord Company uses the percentage-of-receivables basis to record bad debt expenseand concludes that 5% o 47150
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