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What is the estimated bad debt expense using the percentage

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Question

Superior Company has provided you with the following information before any year-end adjustments:

Net credit sales are $120,000.

Historical percentage of credit losses is 2%.

Allowance for doubtful accounts has a credit balance of $300.

Accounts receivables ending balance is $47,000.

What is the estimated bad debt expense using the percentage of credit sales method?

Reference no: EM132386414

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