Multiple Choice
The following information is from the 2015 records of Armand Camera Shop: 
Bad debts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. The balance of the Allowance for Bad Debts after adjustment will be:
A) $7,000.
B) $3,450.
C) $2,850.
D) $3,750.
Correct Answer:
Verified
Correct Answer:
Verified
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