trader bay had credit sales of 400,000 for march accounts receiveable of rs 3500 were determined to be worthless and were written off during march accounts receiveable total 260,000 at march managements feels that based on past experiencfe approxmiately 2% of net credit sales will prove to be uncollectible
calculate uncollectible account expense for march under each of the following assupmtions
DIRECT WRITE OFF METHOD
AN INCOME STATEMENT APPROACH
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