Def company uses percentage of sales approach to estimate, Financial Accounting

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Def company uses percentage of sales approach to estimate

DEF Company uses Percentage of sales approach to estimate bad debt. From experience, DEF has determined that approximately 3% of all sales will be uncollectible. February sales were $800,000 dollars. What is the journal entry record the bad debt expense?

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Financial Accounting: Def company uses percentage of sales approach to estimate

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Financial Accounting: Def company uses percentage of sales approach to estimate

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