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brilliants [131]
4 years ago
15

Gross Accounts Receivable is $10,000. Allowance for Doubtful Accounts has a credit balance of $200. Net sales for the year are $

150,000. In the past, 2% of sales had proved uncollectible, and an aging of the receivables indicates $1,200 is doubtful. Under the income statement approach, the Bad-Debts Expense for the year is
Mathematics
1 answer:
bazaltina [42]4 years ago
4 0

The answer, I believe, is 300 dollars. 150,000 times .02 equals 300. Forgive me if I'm wrong, but I believe this is the answer.

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