10+ pages assume simple co had credit sales of 2.1mb answer in PDF format. Had credit sales of 258000 and cost of goods sold of 158000 for the period. Had credit sales of 286000 and cost of goods sold of 168000 for the period. Assume that Simple Co. Check also: simple and assume simple co had credit sales of Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales.
Had credit sales of 259000 and cost of goods sold of 159000 for the period. Before the end-of-period adjustment is made the Allowance for Doubtful Accounts has a credit balance of 250.
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Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts.
Simple uses the aging method and estimates that the appropriate ending balance in the Allowance for Doubtful Accounts is 3000. Had credit sales of 250000 and cost of goods sold of 150000 for the period. Had credit sales of 282000 and cost of goods sold of 166000 for the period. Assume that Simple Co. Before the end-of-period adjustment is made the Allowance for Doubtful Accounts has a credit balance of 250. Assume that Simple Co.
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Assume that Simple Co. Simple uses the percentage of credit sales method and estimates that 2 percent of credit sales would result in uncollectible accounts. Had credit sales of 250000 and cost of goods sold of 150000 for the period.
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