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Homework answers / question archive / The following accounts were taken from Bullock Inc
The following accounts were taken from Bullock Inc.'s trial balance on December 31, 2017.
| Particulars | Debit | Credit |
|---|---|---|
| Net credit sales | $750,000 | |
| Allowance for doubtful accounts | $14,000 | |
| Accounts receivable | $310,000 |
If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2017.
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