Blake company had net credit sales of 900000 during 2011, Ask an Expert

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Blake Company had net credit sales of $900,000 during 2011, and has an Accounts Receivable balance of $425,000 at December 31, 2011, and an Allowance for Doubtful Accounts credit balance of $8000. Blake estimates Bad Debt Expense as 3/4 of 1% of net credit sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984229

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