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What will be the bad debt expense for year

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Problem - Vivian, Inc had net sales in 2015 of €700,000. At December 31, 2015, before adjusting entries, the balances in selected accounts were: accounts receivable €125,000 debit, and allowance for doubtful accounts €1,200 credit. Vivian estimates that 2% of its net accounts receivable will prove to be uncollectable. What will be the bad debt expense for year 2015 using the allowance method?

Reference no: EM132858478

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