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The records of Stuart's Comic Store reflect the following as of December 31, 2019 Sales returns and allowances 2019 Sales (all credit sales) Allowance

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The records of Stuart's Comic Store reflect the following as of December 31, 2019 Sales returns and allowances 2019 Sales (all credit sales) Allowance for Uncollectible Accounts Accounts Receivable balance $125,000 4,000 75,000 3.000 credit What amount of Bad Debt Expense would Stuart's Comic Store record using the percentage of credit sales method if Stuart estimates 5% of net credit sales to be uncollectible? Multiple Choice $4,750 $5,250 $6,050 $3,750

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