Camos Co. made $4,500,000 in credit sales and has $500,000 of accounts receivable at the...
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Accounting
Camos Co. made $4,500,000 in credit sales and has $500,000 of accounts receivable at the end of the period. They also have a credit balance of $2,300 in their allowance for doubtful accounts. Camos Co. believes that 3% of their accounts receivable will be uncollectable. What would they record as their bad debt expense for the period?
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