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A company's sales for theyear were $549,650 and a credit to Allowance for Bad Debt for $16,489.50was made. Based on this entry, what percentage of

A company's sales for theyear were $549,650 and a credit to Allowance for Bad Debt for $16,489.50was made.

Based on this entry, what percentage of sales is considered uncollectible?

3.5%
3%
2.5%
4%

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