Question
Maple Co. provides for bad debts expense at the rate of 1.83% of credit sales for the period. On Jan 1, 20X1, the Allowance for
Maple Co. provides for bad debts expense at the rate of 1.83% of credit sales for the period. On Jan 1, 20X1, the Allowance for Bad Debts was $24,000. There were $16,000 of accounts written off during the year. Credit sales for the year were $535,000. What is the balance in the Allowance for Bad Debts account?
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HR Self Audits A Strategy For Continuous Improvement
Authors: Wynette Harewood, Marilyn Silverman
1st Edition
B0BQXT8R3P, 979-8843293192
