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ACC 291 Final Exam Solutions

ACC 291 Final Exam Solutions

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ACC 291 Final Exam Solutions

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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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