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The following information pertains to Lindsey Corp. at the end of the year pots Credit Sales $ 150,000 Accounts Payable 37,000 Accounts Receivable 30,000 Allowance

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The following information pertains to Lindsey Corp. at the end of the year pots Credit Sales $ 150,000 Accounts Payable 37,000 Accounts Receivable 30,000 Allowance for Uncollectible Accounts 1400debit Cash Sales 8200 Lindsey Corp. uses the percentage of credit-sales method and estimates that 2% of the credit sales are uncollectible. After the year end adjustment, what wount of bad debt were would Lindsey report for the year? $5500 $1600 $3000. $4400

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