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The December 31,the Trial Balance of ABC Company Before Adjustments

Question 109

Multiple Choice

The December 31,the trial balance of ABC company before adjustments included the following accounts: The December 31,the trial balance of ABC company before adjustments included the following accounts: The company estimates its bad debts based upon 2 percent of net credit sales.What amount should it record as bad debt expense,assuming all sales are credit sales? A) $14,400 B) $14,600 C) $16,400 D) $16,600 The company estimates its bad debts based upon 2 percent of net credit sales.What amount should it record as bad debt expense,assuming all sales are credit sales?


A) $14,400
B) $14,600
C) $16,400
D) $16,600

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