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Page of 32 PERCENTAGE OF SALES METHOD A company has the following amounts on its trial balance at its December 31 year end: Credit revenue

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Page of 32 PERCENTAGE OF SALES METHOD A company has the following amounts on its trial balance at its December 31 year end: Credit revenue - $2,500,000 Accounts receivable - 150,000 . Bad debt expense - nil (because AFDA and uncollectible accounts haven't been recorded yet) Management estimates that 3% of sales on credit will be uncollectible. Calculate the bad debt expense in the year

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