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What amount should the company record

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Question - Kelton Incorporated reported net credit sales of $474,000 for the current year. The unadjusted credit balance in its Allowance for Doubtful Accounts is $790. The company has experienced bad debt losses of 1% of credit sales in prior periods. Using the percentage of credit sales method, what amount should the company record as the estimated Bad Debt Expense?

Reference no: EM133145305

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