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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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Introductory Financial Accounting For Business
Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds
2nd Edition
1260575306, 978-1260575309
