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A company uses the percent of receivables method to account for bad debt. Use the...

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Accounting

A company uses the percent of receivables method to account for bad debt. Use the following information to calculate bad debt expense. Enter your answer rounded to the nearest whole dollar.
%AR estimated to be uncollectable: 2%
AR debit balance $550,000
Allowance for Doubtful Accounts credit balance $1,500
Credit sales: $1,375,000 image
Take Test: Test 3 Question Completion Status: QUESTION 32 A company uses the percent of receivables method to account for bad debt. Use the following information to calculate bad debt expense. Enter your answer rounded to the nearest whole dollar (no comma, no decimal). % of AR estimated to be uncollectible 2% AR debit balance $550,000 Allowance for Doubtful Accounts credit balance $1,500 Credit Sales $1,375,000 7 points Save

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