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Business, 13.04.2021 01:50 mistiehaas

Flash Co. uses the allowance method to account for bad debts. At the end of the year, Flash Co.'s unadjusted trial balance shows an accounts receivable balance of $45,000; allowance for doubtful accounts balance of $400 (debit); and sales of $1,500,000. Based on history, Flash estimates that bad debts will be 0.5% of sales. The entry to record estimated bad debts will include an debit to Bad Debts Expense in the amount of: Multiple choice question. $750,000 $795,000 $7,900 $7,100 $7,500

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Flash Co. uses the allowance method to account for bad debts. At the end of the year, Flash Co.'s un...
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