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  • Bradford Plumbing Had The Following Data For A Recent Year Credit

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    Taimur Technologist
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    Bradford Plumbing provided financial data for credit sales, collections on accounts receivable, accounts receivable written off, and an estimated default rate. Bad debt expense for the year was calculated to be $14,800 and the ending balances in accounts receivable and allowance for doubtful accounts were $39,420 and $6,940 respectively.

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    Bradford Plumbing Had the Following Data for a Recent Year Credit

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    Bradford Plumbing provided financial data for credit sales, collections on accounts receivable, accounts receivable written off, and an estimated default rate. Bad debt expense for the year was calculated to be $14,800 and the ending balances in accounts receivable and allowance for doubtful accounts were $39,420 and $6,940 respectively.

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    © All Rights Reserved
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    40 views1 page

    Bradford Plumbing Had The Following Data For A Recent Year Credit

    Uploaded by

    Taimur Technologist
    Bradford Plumbing provided financial data for credit sales, collections on accounts receivable, accounts receivable written off, and an estimated default rate. Bad debt expense for the year was calculated to be $14,800 and the ending balances in accounts receivable and allowance for doubtful accounts were $39,420 and $6,940 respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Bradford Plumbing had the following data for a recent year

    Credit #2350
    Bradford Plumbing had the following data for a recent year Credit

    Bradford Plumbing had the following data for a recent year:

    Credit sales ............................................................ $547,900

    Allowance for doubtful accounts, 1/1 (a credit balance) ............ 8,740

    Accounts receivable, 1/1 ............................................... 42,340

    Collections on account receivable .................................. 489,770

    Accounts receivable written off ...................................... 14,250

    Bradford estimates that 2.7% of credit sales will eventually default.

    Required:

    1. Compute bad debt expense for the year (rounding to the nearest whole number).

    2. Determine the ending balances in accounts receivable and allowance for doubtful accounts?

    Bradford Plumbing had the following data for a recent year Credit

    ANSWER
    http://paperinstant.com/downloads/bradford-plumbing-had-the-following-data-for-a-recent-year-
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