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Assume that a business sold $750 , 000 worth of merchandise on credit. The business estimates that 2% of all credit sales are uncollectible. Expense

Assume that a business sold $750 , 000 worth of merchandise on credit. The business estimates that 2% of all credit sales are uncollectible. Expense to be recorded = $750 , 000 2% = $15 , 000

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