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Determine its bad debt expense for skysong inc

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Reference no: EM132775518

A series of unrelated situations follow for several companies that use ASPE:

Skysong Inc.'s unadjusted trial balance at December 31, 2020, included the following accounting:

Allowance for doubtful accounts$8,400,(debt)

Sales revenue$2,040,000(credit balance)

Sales returns and allowances60,90,0(debt)

Sales discounts4,900(debt)

Problem 1: Skysong estimates its bad debt expense to be 1.0% of net sales. Determine its bad debt expense for 2020.

Reference no: EM132775518

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