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If January credit sales for Levine were $10616 and AR has a balance of $20257, the company believes 5% of credit sales or 20% of
If January credit sales for Levine were $10616 and AR has a balance of $20257, the company believes 5% of credit sales or 20% of AR are uncollectible and Allowance for Doubtful Accounts has a debit balance on Jan. 1 of $5108 Note: you may not require all given information to answer.
Compute Bad Debt Expense on Jan 31 using the income statement approach. Round ONLY your final answer to the nearest dollar
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