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

Question 59

Multiple Choice

Smithson Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Smithson 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) $67,140 B) $45,840 C) $44,562 D) $68,418 Bad debts are estimated to be 6% of outstanding receivables.What amount of bad debt expense will the company record?


A) $67,140
B) $45,840
C) $44,562
D) $68,418

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