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Uncollectible accounts are determined by the percentage-of-sales method to be 2% of credit sales. How much is the bad debt expense for 2013? Question 5
Uncollectible accounts are determined by the percentage-of-sales method to be 2% of credit sales. How much is the bad debt expense for 2013? Question 5 (5 Points) Use the following information to answer Questions 9 through 13. Neal Company had the following information relating to credit sales in 2013: $9,500 Accounts receivable December 31, 2013. Allowance for uncollectible accounts December 31, 2013 (before adjustment)................ Credit sales during 2013 Cash sales during 2013 Collections from customers on account during 2013 900 46,000 15,000 49,500 a) 5920 b) $2.000 C) $750 d) $20
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