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se the following information to answer questions 18 and 19. The following information relates to Wilson Corp. for the year ended December 31, 2017 S100,000

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se the following information to answer questions 18 and 19. The following information relates to Wilson Corp. for the year ended December 31, 2017 S100,000 (Credit balance) Accounts Receivable S 40,000 (Debit balance) Allowance for Doubtful Accounts (before adjustment at 12/31/17) 200 (Credit balance) Wilson estimates its bad debts at 1% of net credit sales. After Wilson makes the adjusting entry to estimate bad debts expense for the year, what amount would appear as Bad Debts Expense on the 2017 Income Statement? A $398 B. $400 O c. $800 O D. $1.000 E. $1.200 Beset selection

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