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A company has provided the following information prior to any year-end bad debt adjustment: - Cash sales, $150,000 - Credit sales, $450,000 - Accounts receivable, $110,000 - Allowance for doubtful accounts credit balance, $1,200 Freeman prepares an aging of accounts receivable and the result shows that 5% of accounts receivable is estimated to be uncollectible. How much is bad debt expense? 9,000$5,500$6,700$4,240$4,300 A company has provided the following information prior to any year-end bad debt adjustment: - Cash sales, $150,000 - Credit sales, $450,000 - Accounts receivable, $110,000 - Allowance for doubtful accounts credit balance, $1,200 Fairly estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. How much is bad debt expense? $7,800$7,950$5,550$6,750$2,250 Question 11 A company has provided the following information for Allowance for Doubtful Accounts: Allowance for Doubtful Accounts Beginning Balance =$2,700 Wrote-off $2,100 of uncollectible accounts Allowance for Doubtful Accounts Ending Balance =3,200 How much did the company record as Bad Debt Expense? \begin{tabular}{l} $,800 \\ \hline$500 \\ $1,600 \\ \hline None of these are correct. \\ $,600 \end{tabular}