Business, 14.05.2021 01:30, aghamuzahirali4392

Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Ruby Red hired a collection agency in 2018 to increase collection rates from customers. As a result, Ruby estimates that only 2% of its 2019 credit sales will be written off, compared to the 4% of 2018's credit sales that were estimated to be uncollectible. At December 31, 2019, Ruby Red has a $12,800 credit balance in its allowance for doubtful accounts and credit sales of $1,570,000. Required:
Use the percentage of credit sales method to calculate the bad debt expense.

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Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Ruby R...