Question
36 A company had sales of $40,000, sales discounts of $800, sales returns of $1,600, and commissions owed to salespeople of $600. What is net
36 A company had sales of $40,000, sales discounts of $800, sales returns of $1,600, and commissions owed to salespeople of $600. What is net sales? $37,600 $38,400 $39,200 $40,000 1 pts Sales (credit) $2,500,000 Sales returns and allowances 50,000 Accounts receivable (December 31, Year 1) 640,000 Allowance for doubtful accounts (before adjustment at December 31, Year 1) 20,000 Estimated amount of uncollected accounts based on aging analysis (December 31, Year 1) 45,000 Refer to ATD Company. If the company estimates its bad debt to be 2% of net credit sales, what will be the balance in the allowance for doubtful accounts after the adjustment for bad debt expense? $69.000 O $49,000 O $44,500 O $45,000
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