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The Following Information Is from the 2020 Records of R

question 18

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The following information is from the 2020 records of R & S Commercial Plumbing Company:  Accounts receivable, December 31, 2020 $43,000 (debit)   Allowance for Bad Debts, December 31,2020 prior to adjustment 1500 (debit)   Net credit sales for 2020 180,000 Accounts written off as uncollectible during 2017 16,000 Cash sales during 2020 26,000\begin{array} { | l | l | } \hline \text { Accounts receivable, December 31, 2020 } & \$ 43,000 \text { (debit) } \\\hline \text { Allowance for Bad Debts, December 31,2020 prior to adjustment } & 1500 \text { (debit) } \\\hline \text { Net credit sales for 2020 } & 180,000 \\\hline \text { Accounts written off as uncollectible during 2017 } & 16,000 \\\hline \text { Cash sales during 2020 } & 26,000 \\\hline\end{array} Bad debts expense is estimated by the percent-of-sales method.Management estimates that 6% of net credit sales will be uncollectible.Calculate the amount of bad debts expense for 2020.

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Definitions:

Agentic

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Pertaining to a form of government in which power is vested in the people, who rule either directly or through freely elected representatives.

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Individuals who identify as women and hold positions of authority and influence within organizations or societal structures.

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The approach or technique that a leader uses to guide, motivate, and manage members of a group or organization.

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