Bad Debt Expense: Percentage of Credit Sales Method Khan Plumbing had the following data for...
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Bad Debt Expense: Percentage of Credit Sales Method Khan Plumbing had the following data for a recent year: Khan estimates that of credit sales will eventually default. Required: Compute bad debt expense for the year rounding to the nearest whole number $ Determine the ending balances in accounts receivable and allowance for doubtful accounts. Ending Balance Accounts receivable Allowance for doubtful accounts 
Bad Debt Expense: Percentage of Credit Sales Method
Khan Plumbing had the following data for a recent year:
Khan estimates that of credit sales will eventually default.
Required:
Compute bad debt expense for the year rounding to the nearest whole number
$
Determine the ending balances in accounts receivable and allowance for doubtful accounts.
Ending Balance
Accounts receivable
Allowance for doubtful accounts
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