Gilkey security system has the following for year ended, Ask an Expert

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Gilkey Security System has the following for year ended 12-31-09 before adjustment Accounts receivable 130,000 Net credit sales 840,000 Allowance for doubtful accounts 3,000 credit balance Estimated percentage of bad credit on credit sales 3% Gilkey uses the net credit sales method of estamating bad debt expense Gilkey would reconize how much bad debt expense on the income statement?

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Accounting Basics, Accounting

Category:- Accounting Basics
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