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For its first year of operations, a company reported total credit sales of $1,120,000. The...

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Accounting

For its first year of operations, a company reported total credit sales of $1,120,000. The Accounts receivable balance at year end was $190,000. The bad debts are estimated to equal to 1.5% of credit sales. What is the bad debt expense for the period? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.

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