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High Speed Adventures records bad debt using the allowance, income statement method. They recorded $186,218 in accounts receivable for the year and $436,163 in
High Speed Adventures records bad debt using the allowance, income statement method. They recorded $186,218 in accounts receivable for the year and $436,163 in credit sales. The uncollectible percentage is 9.0%. What is the bad debt estimation for the year using the income statement method? (Round to the nearest whole dollar)
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Principles of Financial Accounting
Authors: Belverd E. Needles, Marian Powers
12th edition
978-1133940562, 1133940560, 978-1285608464, 1285608461, 1133939287, 978-0357693605, 978-1285607047, 128560704X, 978-1133939283
