Hawkeye Company has provided you with the following information for 2019: Net credit sales are...
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Hawkeye Company has provided you with the following information for 2019: • Net credit sales are $165,000 for 2019 • Historical percentage of credit losses is 3% • Allowance for doubtful accounts has a beginning credit balance of $400 • Accounts receivable has an ending balance of $60,000 • Write-offs during 2019 were $1,000 What is the estimated BAD DEBT EXPENSE for 2019 using the percentage of credit sales method? $4,550 $5,950 $1,800 $5,350 $4,950 $2,200 $2,800 Hawkeye Company has provided you with the following information for 2019: • Net credit sales are $165,000 for 2019 • Historical percentage of credit losses is 3% • Allowance for doubtful accounts has a beginning credit balance of $400 • Accounts receivable has an ending balance of $60,000 • Write-offs during 2019 were $1,000 What is the estimated BAD DEBT EXPENSE for 2019 using the percentage of credit sales method? $4,550 $5,950 $1,800 $5,350 $4,950 $2,200 $2,800
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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