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Time left 0:07:56 5 if the trial balance shows that Sales is $ 2,000,000, Accounts receivable $20,000, Sales discount $100,000 and Allowances for doubtful accounts
Time left 0:07:56 5 if the trial balance shows that Sales is $ 2,000,000, Accounts receivable $20,000, Sales discount $100,000 and Allowances for doubtful accounts is $1,000 (Credit). The firm policy is to record the uncollectable accounts base on 10% of accounts receivable. The bad debt expense should be recorded at the end of the yeas as: ut of estion O a. $3,000 O b. other O c. $1,000 O d. $2,000
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