The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts:

Required:
1. Calculate the average percentage of losses from uncollectible accounts for 2005 through 2008.
2. Assume that the credit sales for 2009 are $874,000 and that the weighted average percentage calculated in (1) is used as an estimate of losses from uncollectible accounts for 2009 credit sales. Determine the bad debt expense for 2009 using the credit salesmethod.

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Losses from Year 2005 2006 2007 2008 Credit Sales $514,000 582,000 670,000 772,000 Uncollectible Accounts $ 7,710 9,312 10,385 11,966