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Business, 18.12.2019 20:31 fatherbamboo

The following information is from the records of sumter, inc. for the year ended december 31, 2014. allowance for doubtful accounts, january 1, 2014 .. $ 6,000 (cr) sales, 2014 2,920,000 sales returns and allowances, 2014 32,000 if the basis for estimating bad debts is 1 percent of net sales, the correct amount of doubtful accounts expense for 2014 is

a. $34,880
b. $23,200
c. $22,800.
d. $28,880.

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The following information is from the records of sumter, inc. for the year ended december 31, 2014....

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