Tanaka company reported total sales for the current year to, Ask an Expert

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Tanaka Company reported total sales for the current year to be $2,500,000, including cash sales of $500,000. Management estimates bad debts to be 5% of credit sales. The Allowance for Doubtful Accounts prior to adjustment has a debit balance of $10,000. The ending balance of the Allowance for Doubtful Accounts after adjustment will be ?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92749121

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