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Business, 26.02.2020 17:55 ConstanceBhoo301

The following information pertains to Lindsey Corp. at the end of the year: Credit Sales $ 150,000 Accounts Payable 20,000 Accounts Receivable 30,000 Allowance for Uncollectible Accounts 800 debit Cash Sales 5,500 Lindsey Corp. uses the percentage-of-credit-sales method and estimates that 2% of the credit sales are uncollectible. After the year-end adjustment, what amount of bad debt expense would Lindsey report for the year?

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The following information pertains to Lindsey Corp. at the end of the year: Credit Sales $ 150,000 A...
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