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

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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40 Responses to “Haven Company uses the percentage of sales method for recordingbad debts expense”

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