Assume that you have a company. And the management estimates that 1% of sales will be uncollectible.

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Give any amount of sales and prepare the journal entry using the percent of sales method.

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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 27, 2024 02:41 AM

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Assume that you have a company. And the management estimates that 1% of sales will be uncollectible.

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Expert Answer:

If you have sales of 100000 and estimate that 1 will be uncollectible you would create a journal e... View the full answer

Fundamentals of Financial Management

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