Using the aging method of accounts receivable method, $5,600 of the companys Accounts Receivable are...
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Accounting
Using the aging method of accounts receivable method, $5,600 of the companys Accounts Receivable are estimated to be uncollectible. At the end of the year, the balance of Accounts Receivable is $106,000 and the unadjusted credit balance of the Allowance for Doubtful Accounts is $620. Credit sales during the year totaled $162,000. What is the current years Bad Debt Expense?
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