ABC Company's trial balance shows the following data at year-end: Accounts Receivable - $400,000.00 Bad Debt Allowance

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ABC Company's trial balance shows the following data at year-end:

Accounts Receivable - $400,000.00

Bad Debt Allowance - $2,500.00

Sales - $1,200,000.00

Bad Debt Expense - $10,000.00

If Company ABC uses the Percentage Receivable Method of 4%, what would be the liability to Doubtful Payables Expense?

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: May 31, 2023 08:09 AM

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ABC Company's trial balance shows the following data at year-end: Accounts Receivable - $400,000.00 Bad Debt Allowance

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To calculate the liability to Doubtful Payables Expense using the Percentage Receivable Method ... View the full answer

Intermediate Accounting IFRS

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