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Question 20 Not yet answered Marked out of 1.00 Flag question Question text Jill Company provides for bad debt expense at the rate of 3%

Question 20

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Jill Company provides for bad debt expense at the rate of 3% of credit sales. The following data are available for 2016:

Allowance for doubtful accounts, 1/1/16 (Cr.).......................... $ 15,000

Accounts written off as uncollectible during 2016................................. 9,000

Credit sales in 2016................................................................. ................................................................................................ 1,000,000

The Allowance for Doubtful Accounts balance at December 31, 2016, should be


Select one:
a. $45,000.
b. $3600
c. $24,000.
d. The answer does not exist
e. $30,000.

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