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Manning Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $250,000 and credit sales are $1,000,000.
Manning Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $250,000 and credit sales are $1,000,000. Management estimates that 2% is the sales pe...
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
