Multiple Choice
Your company uses the percentage of credit sales method for calculating bad debt expense.If your company has $216,000 in total sales,of which $178,000 are on credit,and its historical bad debt loss is 6% of credit sales,bad debt expense is:
A) $12,960.
B) $10,680.
C) $38,000.
D) $11,000
Correct Answer:
Verified
Correct Answer:
Verified
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