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9. If instead, the Company estimates 1% of credit sales to be uncollectible, the bad debt expense for 2019 would be A. $200 B. $1,100
9. If instead, the Company estimates 1% of credit sales to be uncollectible, the bad debt expense for 2019 would be A. $200 B. $1,100 C. $1,200 D. $1,180 E. $1,300 10. The data presented below is for Doo Wop, Inc. for 2019. Credit Sales during the year Accounts Receivable - December 31, 2019 Allowance for Doubtful Accounts - December 31, 2019 Bad Debt Expense for the year $2,100,000 295,000 28,000 17,000 What amount will Doo Wop show on its year-end balance sheet for the Net Realizable Value of its Accounts Receivable? A. $295,000 B. $2,350,000 C. $267,000 D. $250,000 E. $28,000
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