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Estimate the bad debt expense

Question:

At December 31, 2019, Garner has a $10,000 credit balance in its allowance for doubtful accounts. Garner estimates that 3% of its 2019 credit sales will eventually default. During 2019, Garner had credit sales of $1,140,000.

Estimate the bad debt expense under the percentage of credit sales method.

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Accounting Basics: Estimate the bad debt expense

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