Required information The following information applies to the questions displayed below.] Dynamic, Inc, had credit...
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Required information The following information applies to the questions displayed below.] Dynamic, Inc, had credit sales of $680,000 for March. Accounts receivable of $9.000 were determined to be worthless and were written off during March. Accounts receivable total $524,000 at March 31. Management feels that based on past experience, approximately 3% of net credit sales will prove to be uncollectible. ning Dynamic, Inc. uses the income statement approach (an allowance method) to account for uncollectible accounts, uncollectible nts expense for March is
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