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What is the estimated bad debt expense for the year

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Question - Libre, Incorporated has experienced bad debt losses of 5% of credit sales in prior periods. At the end of the year, the balance of Accounts Receivable is $108,000 and the Allowance for Doubtful Accounts has an unadjusted credit balance of $900. Net credit sales during the year were $166,000. Using the percentage of credit sales method, what is the estimated Bad Debt Expense for the year?

Reference no: EM133150617

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