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WebThe company estimates bad debt expense to be 2% of credit sales. During 20x1, Amy recorded credit sales of $3,750,000. During the year, an accounts receivable for $17,000 was written off. Accounts receivable uncollected at the end of the year totaled $880,000. What was the bad debt expense for 20x1? a) $17,000 b) $17,600 c) $74,660 d) $75,000. 3. WebJul 28, 2024 · However, even if you have a high score, your credit might be considered “bad” because of a recent foreclosure or bankruptcy. For example, conventional lenders require that you wait four years after completing a Chapter 7 bankruptcy, even if … dartol\u0027s rod of transformation wotlk
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