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Information related to Mingenback Company for 2017 is summarized below. What amount of bad debt expense will Mingenback Company report if it uses the direct

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Information related to Mingenback Company for 2017 is summarized below. What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts? $ Assume that Mingenback Company estimates its bad debt expense to be 2% of credit sales. What amount of bad debt expense will Minge record if it has an Allowance for Doubtful Accounts credit balance of $3, 700? $ Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Minge record if it has an Allowance for Doubtful Accounts credit balance of $2, 500? $ Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $2, 500? $

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