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At December 31, 2016 the accounts receivable balance for Ben Inc. was $100,000, while the credit balance of allowance for bad debts was $ 3,000.
At December 31, 2016 the accounts receivable balance for Ben Inc. was $100,000, while the credit balance of allowance for bad debts was $ 3,000. Which of the following correctly presents Ben's Accounts receivables account on the company's balance sheet at the end of 2018. Using percent- of-accounts receivable method and assuming that uncollectible accounts will amount to 3% of accounts receivable. Select one: O Accounts Receivable 100,000 Less: Allowance for bad debts (10,000) Accounts Receivable 100,000 Less: Allowance for bad debts (6,000) O Accounts Receivable 100,000 Less: Allowance for bad debts (3,000) O Accounts Receivable 100,000 Less: Allowance for bad debts (13,000) O Accounts Receivable 100,000 Less: Allowance for bad debts (7,000)
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