Determine the Amount of the Adjustment for Bad Debts Given

question 48

Short Answer

Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 6% of receivables
$\begin{array}{llcc} \text { Accounts receivable balance } &\$685,000 \\ \text { Allowance for bad debts balance (crebit) } &\$240\\ \text { Net Sales } &\$750,000\\\end{array}$

$ ________

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