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Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $123,000. Historical percentage of credit losses is 2%.

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Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $123,000. Historical percentage of credit losses is 2%. Allowance for doubtful accounts has a credit balance of $600. Accounts receivables ending balance is $53,000. What is the estimated bad debt expense using the percentage of credit sales method? Multiple Choice $1,860. $3,060. $1,060. $2,460

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