Sales for the first quarter for Part-time Student Co. were $100,000. It is estimated that 2% will

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Sales for the first quarter for Part-time Student Co. were $100,000. It is estimated that 2% will be uncollected. Which of the following will be correct regarding the entry for bad debts expense?

Sales for the first quarter for Part-time Student Co. were $100,000. It is estimated that 2% will be uncollected. Which of the following will be correct regarding the entry for bad debts expense?

		Bad debts expense would be debited
		Allowance for doubtful accounts would be debited.
		Bad debts expense would be credited
		Revenue would be credited.

Posted Date: Jul 03, 2024 10:13 AM

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Sales for the first quarter for Part-time Student Co. were $100,000. It is estimated that 2% will

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