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Help Save & Exit Sut 5 A company uses the percent of sales method to determine its bad debts expense. At the end of the

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Help Save & Exit Sut 5 A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: 8 0152:53 Accounts receivable Allowance for uncollectible accounts Net Sales $363,000 debit 580 debit 808,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.6% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice $4,268 $1,598 $2,758 $5,428

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