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Problem 8-2A Information related to Cullumber Company for 2019 is summarized below Total credit sales Accounts receivable at December 31 Bad debts written off $2,400,000
Problem 8-2A Information related to Cullumber Company for 2019 is summarized below Total credit sales Accounts receivable at December 31 Bad debts written off $2,400,000 825,000 31,000 (a) What amount of bad debt expense will Cullumber Company report if it uses the direct write-off method of accounting for bad debts? Assume that Cul umber Company estimates its bad debt expense based on 5% of accounts receivable has an Allowance for Doubtful Accounts credit balance of $2,500? b at amount of bad de te p en will Cul be record t c) Assume that Cul umber Company estimates its bad debt expense base has an Allowance for Doubtful Accounts debit balance of $2,500? on 5% of accounts receivable. What amount of bad det expense wil Cullu mber record t
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