Determine the Amount of the Adjustment for Bad Debts Given

question 58

Short Answer

Determine the amount of the adjustment for bad debts given:
Bad debts are estimated to be 4% of sales
$\begin{array}{llcc} \text { Accounts receivable balance } &\$600,000 \\ \text { Allowance for bad debts balance (crebit) } &\$200\\ \text { Net Sales } &\$215,000\\\end{array}$


$ ________

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Definitions:

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The outcome or output generated by an employee's efforts or a team's efforts towards assigned tasks.

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