Bed debts expense in the amount of

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Question: Loo Co. uses the allowance method to account for bad debts. At the arid of the year, Leo Co's accounts receivable balance is $25,000 allowance for doubtful eccounts balance of $100 (debit balence) and sales of $500,000. Based on history, Leo estimates thel bed. debts will be 2% of accounts receivable The entry to record estimated bad debts will inclucle a debit to Bed Debts Expense in the amount of.

Reference no: EM133474271

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Bed debts expense in the amount of : Leo estimates thel bed. debts will be 2% of accounts receivable The entry to record estimated bad debts will inclucle a debit to Bed Debts Expense in the amount

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