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In 2022, Patty'O furniture store sells $10,000 furniture on account. The company records bad debt expense equal to 5% of credit sales. If the company
In 2022, Patty'O furniture store sells $10,000 furniture on account. The company records bad debt expense equal to 5% of credit sales. If the company writes off $200 of accounts as uncollectible and receives payment for $9,000 of the accounts receivable, what amount of bad debt expense is reported on the income statement?
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