Check my work Assume Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple...

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Check my work Assume Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. Simple uses t

business accounting

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Answer 1

Answer #1

Credit sales = $250000

Estimated bad debts 1% on credit sales

Bad debts expense = $250000*1% = $2500

Bad debts expense = $2500

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Answer 2

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