During the fiscal 2020 year, SpaceX had made credit sales of $1,000,000. The outstanding Accounts Receivable were
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1) Bad debt is estimated using a percentage of AR (5%)
2) Bad debt is estimated using a percentage of credit sales (2%)
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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