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this Question: 6 pts 20 of 20 (5 complete) This Test: 100 pts possible The Allowance for Bad Debts account has a credit balance of
this Question: 6 pts 20 of 20 (5 complete) This Test: 100 pts possible The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $270,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? O A. $10,800 OB. $12,800 O c. $5,400 OD. $8,800
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