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Smart Art is a new establishment. During the first year, there were credit sales of $40,000 and collections of credit sales of $36,000. One account for $650 was written off. The company decided to use the percent-of-sales method to account for bad debts expense, and decided to use a factor of 2% for their year-end adjustment of bad debts expense. The ending balance in Allowance for Bad Debts account would be:
Respiratory Disease
Medical conditions that affect the lungs and other parts of the respiratory system, causing difficulty in breathing.
Environmental Problems
Issues affecting the natural world, often caused by human activities, that include pollution, climate change, deforestation, and loss of biodiversity.
Ecological Ignorance
Lack of understanding about the interconnections and interactions within ecosystems.
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