Business, 31.10.2019 04:31, Gabysh4105

During the year, wendell company had net credit sales of $ 50,000. at the end of the year, before adjusting entries, the balance in accounts receivable was $ 10,500 (debit) and the balance in allowance for bad debts was $ 700 (credit). if the company uses an income statement approach to estimate bad debts at 10%, what is the ending balance in the allowance for bad debts account?

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During the year, wendell company had net credit sales of $ 50,000. at the end of the year, before ad...