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The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that
The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2025. Net credit sales for the year amounted to $280,000. What will be the balance of Allowance for Bad Debts on the December 31, 2025 balance sheet? OA. $5,600 B. $9,600 C. $4,000 D. $5,520 *** 
The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense The company's management estimates that 2% of net credit sales will be uncollectible for the year 2025 Net credit sales for the year amounted to $280,000. What will be the balance of Allowance for Bad Debts on the December 31 , 2025 balance sheet? A. $5,600 B. $9600 c. $4,000 D. $5,520
The Allowance for Bad Debts account has a credit balance of $4,000 before the adjusting entry for bad debts expense. The company's management estimates that 2% of net credit sales will be uncollectible for the year 2025. Net credit sales for the year amounted to $280,000. What will be the balance of Allowance for Bad Debts on the December 31, 2025 balance sheet? OA. $5,600 B. $9,600 C. $4,000 D. $5,520 ***
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