Jensen Company uses the percentage of credit sales method for calculating Bad Debt Expense. The...
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Accounting
Jensen Company uses the percentage of credit sales method for calculating Bad Debt Expense. The company reported $232,500 In total sales during the year; $189,000 of which were on credit. Jensen has experienced bad debt losses of 5% of credit sales in prior periods, what is the estimated amount of Bad Debt Expense for the year? O $9,450 O $43,500 O $11.625 O $9,000
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