A company uses the percent of sales method to determine its bad debts expense. At the...

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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the companys

In the process of reconciling its bank statement for January, Maxis Clothings accountant compiles the following information

A company purchased property for $100,000. The property included a building a parking lot, and land. The building was apprais

Claybom Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of

business accounting

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Answer 1

Answer #1

As per HomeworkLib policy, one question can be asked at a time. so i am giving the answer of first question. Kindly ask the further questions separatly. Thanks

1. Bad debts expense = credit sales* percentage of bad debts

= 807000*0.3%

= $2421

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Answer 2

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