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At December 31, a company's accounting records show net credit sales for the year of $15,000; accounts receivable balance of $3,000; and allowance for doubtful
At December 31, a company's accounting records show net credit sales for the year of $15,000; accounts receivable balance of $3,000; and allowance for doubtful accounts balance of $50 (credit). The company estimates that uncollectible accounts are estimated to be 1% of net credit sales. Compute the amount to be charged to uncollectble accounts expense: Multiple choice question. $80.00 $30.00 $100.00 $150.00
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