North Co. uses the aging of accounts receivable method. The following information comes from its...
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Accounting
North Co. uses the aging of accounts receivable method. The following information comes from its accounting records:
Cash sales $200,000
Credit sales 800,000
Total sales 1,000,000
Credit balance in the Allowance for Doubtful Accounts 5,000
Estimated uncollectible accounts receivables 19,000
What is the estimate of bad debt expense?
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