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Haven Company uses the percentage of sales method for recordingbad debts expense

March 18th, 2019 admin

Haven Company uses the percentage of sales method for recordingbad debts expense. For the year cash sales are $600000 and creditsales are $2200000. Management estimates that 1% is the salespercentage to use. What adjusting entry will Haven Company make torecord the bad debts expense?

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