Baxter Ltd recorded sales of $480 000 during the year with $350 000 being on credit. Bad debts in the past have averaged 2% of credit sales. Using the income statement method, the amount to provide for estimated bad debt expense for the year is:

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The Answer of Baxter Ltd recorded sales of $480 000 during the year with $350 000 being on credit. Bad debts in the past have averaged 2% of credit sales. Using the income statement method, the amount to provide for estimated bad debt expense for the year is:

Baxter Ltd Recorded Sales of $480 000 During the Year