The Following Information Is from the 2013 Records of Armadillo

question 76

Multiple Choice

The following information is from the 2013 records of Armadillo Camera Shop: Uncollectible accounts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. Which of the following will be the amount of Uncollectible accounts expense?

• A)$7,000
• B)$3,450
• C)$2,250
• D)$2,850

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