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What should the company record as an estimate of bad debt

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problem 1: Over the past five years, a company had average annual credit sales of P320,000 and an average annual net write-offs of P2,000. Credit sales in the current year are P500,000. Using the percentage of credit sales method, what should the company record as an estimate of bad debt expense?

a. 2,000
b. 3,125
c. 1,280
d. 1,875

Reference no: EM132785419

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