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At the end of March, the unadjusted trial balance of , Incorporated included the following accounts: Account Title Debit Credit Sales (75% represent credit sales)
At the end of March, the unadjusted trial balance of , Incorporated included the following accounts:
Account Title | Debit | Credit |
---|---|---|
Sales (75% represent credit sales) | $ 600,000 | |
Accounts Receivable | $ 240,000 | |
Allowance for Doubtful Accounts | $ 1,800 |
uses the income statement approach in estimating uncollectible accounts expense, and uncollectible accounts expense is estimated to be 3% of credit sales. What is the amount of uncollectible accounts expense recognized in his income statement for March?
Multiple Choice
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$13,500.
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$18,000.
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$8,600.
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$7,200.
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