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A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable Allowance for uncollectible accounts Net Sales $350, 000 debit 650 debit 795, 000 credit All sales are made on credit. Based on past experience, the company estimates that 0.3% of net credit sales are un collectible. What amount should be debited to Bad Debts Expense when the year-end a u ting entry is prepared? Multiple Cholce $3,035 $1,700 $1735 $2,385
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