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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $151,000 Credit sales, $451,000 Selling and administrative expenses, $111.000
Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $151,000 Credit sales, $451,000 Selling and administrative expenses, $111.000 Sales returns and allowances, $31.000 Gross profit, $491,000 Accounts receivable. $120,000 Sales discounts. $15,000 Allowance for doubtful accounts credit balance, $1,300 Flyer prepares an aging of accounts receivable and the result shows that 4% of accounts receivable isestimated to be uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded? O $3.448 O $6.100 0 $3,500 $4,800 3 pts D Question 5
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