Question
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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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
2nd Canadian Edition
0471413658, 978-0471413653
