Business
Business, 19.12.2019 21:31, neilleggon24

Trainor company estimates bad debt expense using a percentage of credit sales (5%). the company began its current year with an $8,500 balance in the allowance account. during the current year, $10,500 of accounts receivable were written off, and $1,200 of previously written off accounts were collected. credit sales for the year were $255,000. the bad debt expense for the year wasa) $12,750b) $11,550c) $10,500d) $8,500

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