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Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $132,500. Historical percentage of credit losses is 4%.
Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $132,500. Historical percentage of credit losses is 4%. Allowance for doubtful accounts has a credit balance of $350. Accounts receivables ending balance is $42,000. What is the estimated bad debt expense using the percentage of credit sales method? $5,300. $1,680. O $4,950. $5,650
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