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Question: If company uses the percentage of credit sales to calculate the potential bad debt what is one side of a transaction for a company with the following information credit sales 100,000 accounts receivable $75,000 percentage 5%

1) debit bad debt expense for 500

2) credit bad debt expense for 500

3) credit bad debt expense for $10,000

4) debit bad debt expense for 375

5) debit bad debt expense for $10,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92574837

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