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?
- 4%
- 2.5%
- 3.5%
- 3%
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
