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On Dec31, 2011, Stilton Service Company's year-end, the unadjusted trial balance included the following info: Total annual sales $1,128,000, including cash sales $507,500. Accounts Receivable
On Dec31, 2011, Stilton Service Company's year-end, the unadjusted trial balance included the following info: Total annual sales $1,128,000, including cash sales $507,500. Accounts Receivable had $237.500 balance and AFDA had $2,600 debit balance on Dec31. 2011 Please calculate the estimated bad debt entry amount if uncollectible rate is 3% and credit sales method is used
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
