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All of Roberts Company's sales are on a credit basis. The following information is available for 2015: Allowance for doubtful accounts at 1/1/15 Net Sales
All of Roberts Company's sales are on a credit basis. The following information is available for 2015: Allowance for doubtful accounts at 1/1/15 Net Sales Accounts Receivable 12/31/15 Accounts written off as uncollectible in 2015 $12,000 425,000 195,000 8,000 Roberts expects 4% of gross receivables to become uncollectible. Following adjusting entries at December 31, 2015, Bad Debt Expense will be: Select one: O a $3,800. O b. $13,000 Oc $7,800 Od. $9,200 O e. $9,000
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