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Is this correct Flyer Company has provided the following information prior to any year-end bad debt adjustment. Cash sales, $165,000 Credit sales, $465,000 Selling and

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Flyer Company has provided the following information prior to any year-end bad debt adjustment. Cash sales, $165,000 Credit sales, $465,000 Selling and administrate expanses, $125,000 Sales returns and allowances, $45,000 Gross profit $505,000 Accounts receivable. $255,000 Sales discounts, $29,000 Allowance for doubtful accounts credit balance $2.700 Flyer prepares an aging of accounts receivable and the result shows that 2 % of accounts receivable is estimated to be uncollectible. How much is bad debt expense? $2, 346 $7, 800 $5, 100 $2, 400

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