A company uses a gross method for recording cash discounts and the income statement method...
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Accounting
A company uses a gross method for recording cash discounts and the income statement method for assessing bad debt expense. Sales revenue for credit sales during the period was $ Sales discounts of $ were also recorded when collecting customer accounts. The allowance for doubtful accounts has a credit balance of $ at the beginning of the period and the ending balance of the accounts receivable account for the period was $
Determine bad debt expense for the period if the company uses a estimate.
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