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Question 3: At December 31, 2015. Ingleton Company reports the following results for the year Cashes $1.025.000 Credits 1.342.000 In addition, its unadjusted trial balance

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Question 3: At December 31, 2015. Ingleton Company reports the following results for the year Cashes $1.025.000 Credits 1.342.000 In addition, its unadjusted trial balance includes the following items ACCES receive $575.000 de Allow for do 7.500 credit B. Dec 31, 2015 the company estimated bad debts as 3% of Account Receivable. Feb 15, 2016, the company determined that it can not collect $15,000 of its account receivable from customer Aldo April 1, 2016, the company received the payment $15,000 from Customer Aldo Date Account Title Debit Credit Asset How much is Bad debt expense using 3% of Account Receivable method? Page 1 of 4

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