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Superior Company has provided you with the following information before any year-end adjustments: Net credit...

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Accounting

Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $125,000. Historical percentage of credit losses is 3%. Allowance for doubtful accounts has a credit balance of $400. Accounts receivables ending balance is $57,000. What is the estimated bad debt expense using the percentage of credit sales method?

$3,750.

$3,350.

$4,150.

$1,710.

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