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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
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 $358,000 debit 530 debit 003,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.3% of net creat sales are uncollectible. What amount should be debited to Bed Debss Expense when the yeer-end adjusting entry is prepared Mutple Choice $2.409 52839 0 O O 81604 9875
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