Multiple Choice
A company's allowance for doubtful accounts is $4,000 and $3,000 on 1/1/11 and 1/1/10, respectively. During 2010, bad debts expenses were estimated to be 6% on net credit sales of $100,000. During 2010, the amount of accounts written off as uncollectible amounts to
A) $6,000.
B) $7,000.
C) $5,000.
D) $4,000.
Correct Answer:
Verified
Correct Answer:
Verified
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