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Sanchez Inc

Question 60

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Sanchez Inc. sells to customers only on credit. For the year ended December 31, 2010, the following information is provided:
Sanchez Inc. sells to customers only on credit. For the year ended December 31, 2010, the following information is provided: If Sanchez estimates bad debts at 5% of net credit sales, how much is bad debt expense? a. $34,000 b. $15,200 c. $23,400 d. $42,150 If Sanchez estimates bad debts at 5% of net credit sales, how much is bad debt expense?
a. $34,000
b. $15,200
c. $23,400
d. $42,150

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5% x ($850...

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