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At December 31 , Folgeys Coffee Company reports the following results for its calendar year....

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Accounting

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At December 31 , Folgeys Coffee Company reports the following results for its calendar year. Its year-end unadjusted trial balance includes the following items. Calculate the bad debts expense assuming uncollectibles are estimated to be (1) 4% of credit sales, (2) 2% of total sales and (3) 7% of year-end accounts receivable

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