ACC 291 Final Exam Solutions

ACC 291 Final Exam Solutions

Author: Troy quinn

ACC 291 Final Exam Solutions


ACC 291 Final Exam Solutions

1) Hahn Company uses the percentage of sales method for recording bad debts
expense. For the year, cash sales are $300,000 and credit sales are $1,200,000.
Management estimates that 1% is the sales percentage to use. What adjusting
entry will Hahn Company make to record the bad debts expense?

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