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What would be Lupin bad debt expense

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Reference no: EM132619281

Question - The accounting information of Lupin Company included the following for the year ended December 31, 2020:

Accounts receivable, January 1, 2020 $ 125,000

Credit sales in 2020 1,400,000

Allowance for doubtful accounts, January 1, 2020 15,000

Cash collected on accounts receivable during 2020 1,350,000

Required - Assume Lupin estimates its allowance for doubtful accounts as being 10% of December 31, 2020 accounts receivable. What would be Lupin's bad debt expense for 2020?

Reference no: EM132619281

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