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A year ago
Gross Accounts Receivable is $20,000. Allowance for Doubtful Accounts has a credit balance of $400. Net credit sales for the year are $125,000. In the past, 2% of credit sales had proved uncollectible, and an aging of the receivables indicates $1,500 is doubtful. Under the balance sheet approach, Bad Debts Expense for the year is:
A) $2,500.
B) $2,900.
C) $1,900.
D) $1,100.
Source  Download Study Guide
College Accounting: A Practical Approach
Edition: 13th
Author: Slater
Read 94 times
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Teacher at Trios!
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3 months ago
thanks brother
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