(Answered) Question - cheswick corp the following information is for

Accounting

Question - Cheswick corp. the following information is for Cheswick corp. at the end of 2016: sales $800,000 sales returns and allowances 8,000 accounts receivable-December 31, 2016 175,000 allowance for doubtful accounts-December 31, 2016 [credit balance] (before adjustment for bad debts) 1,000 estimated uncollectible accounts (per aging schedule at December 31, 2016) 7,500 6. Refer to the data for Cheswick corp.. If bad debts are estimated at 1% of net sales, how much will Cheswick corp. report as bad debts expense for 2016?

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