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plz solve Q39 in 10 mins i will thumb up 2.5 points Save As Question 39 4 Wellington Corp. has outstanding accounts receivable totaling 2.54
plz solve Q39 in 10 mins i will thumb up
2.5 points Save As Question 39 4 Wellington Corp. has outstanding accounts receivable totaling 2.54 million as of December 31 and sales on credit during the year of 12.8 million. There is also a debit balance of 6,000 in the allowance for doubtful accounts. If the company estimates that 1% of its net credit sales will be uncollectible, what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense? O 25,400 O 31,400 O 122,000 O 134,000Step by Step Solution
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