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Skysong Inc.s unadjusted trial balance at December 31, 2017, included the following accounts: Debit Credit Allowance for doubtful accounts $8,500 Sales revenue $1,965,000 Sales returns
Skysong Inc.s unadjusted trial balance at December 31, 2017, included the following accounts:
| Debit | Credit | |||
| Allowance for doubtful accounts | $8,500 | |||
| Sales revenue | $1,965,000 | |||
| Sales returns and allowances | 58,600 | |||
| Sales discounts | 4,400 |
Skysong estimates its bad debt expense to be 1.0% of net sales. Determine its bad debt expense for 2017.
| Bad debt expense is : |
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
