Multiple Choice
A company uses the percentage of credit sales method to estimate bad debt expense. At the end of the year, the company's unadjusted trial balance includes the following: 
The company estimates, based on historical bad debt losses, that 0.5% of the sales will be uncollectible. What is the bad debt expense to be recorded for the year?
A) $4,500
B) $4,300
C) $4,700
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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