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Taylor Inc records bad debt expense as a percentage of credit sales. Taylor Inc estimates that 3 % of the credit sales will be uncollectible.

Taylor Inc records bad debt expense as a percentage of credit sales. Taylor Inc estimates that

3 %

of the credit sales will be uncollectible. Total sales for the period were $

5, 000, 000 . 5 %

of the total sales are cash sales. The beginning balance in the allowance for doubtful accounts is $

55, 000 .

What is bad debt expense for the period?

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