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The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following
The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts expense, reports the following selected amounts: Accounts receivable Allowance for Doubtful Accounts Net Sales $ 444,000 Debit 1,340 Debit 2,190,eee Credit All sales are made on credit. Based on past experience, the company estimates 3.0% of ending account receivable to be uncollectible. What ajasting en should the company make at the end of the current year to record its estimated bad debts expense? Multiple Choice Dobit Bed Des E250 Clod Allowance for Doubtful Accounts 56570 Det Det bene cedit Allowance for Dout Accounts Debit Bad Debts Expense $6,570, credit Allowance for Doubtful Accounts $6,570 Debit Bad Debts Expense $11.980: credit Allowance for Doubtful Accounts $11.980. Debit Bad Debts Expense $13,320 credit Allowance for Doubtful Accounts $13,320. Debit Bad Debts Expense $14,660: credit Allowance for Doubtful Accounts $14,660 Debit Bad Debts Expense $16,570, credit Allowance for Doubtful Accounts $16.570
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