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Michael Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debe...

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Accounting

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Michael Company uses the percent-of-sales method for estimating bad debts expense. The company's bad debe expense is normally 3% of net credit sales which were $380,000 for the year. During the year $700 was written off. If the Allowance for Bad Debts account had a beginning debit balance of $1.900 what is the balance at the end of the year

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