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Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume

Question 20

Multiple Choice

Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Bad debts are estimated to be 6% of outstanding receivables.What amount of bad debt expense will the company record? A) $119,400 B) $76,400 C) $74,270 D) $114,030 Bad debts are estimated to be 6% of outstanding receivables.What amount of bad debt expense will the company record?


A) $119,400
B) $76,400
C) $74,270
D) $114,030

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