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Flyer Company has provided the following information prior to any year-end bad debt adjustment: . Cash sales, $169,000 Credit sales, $469,000 Selling and administrative expenses,
Flyer Company has provided the following information prior to any year-end bad debt adjustment: . Cash sales, $169,000 Credit sales, $469,000 Selling and administrative expenses, $129,000 Sales returns and allowances, $49,000 Gross profit. $509,000 Accounts receivable. $295,000 Sales discounts, $33,000 Allowance for doubtful accounts credit balance, $3,100 . Flyer prepares an aging of accounts receivable and the result shows that 3% of accounts receivable is estimated to be uncollectible. What is the balance in the allowance for doubtful accounts after bad debt expense is recorded? Multiple Choice $5,750. $5,657 $8,850 . $11,950
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