The Following Information Is from the 2019 Records of Uptown

question 161

Multiple Choice

The following information is from the 2019 records of Uptown Antique Shop: Bad debts expense is estimated by the percent-of-sales method.Management estimates that 4% of net credit sales will be uncollectible.The ending balance of the Allowance for Bad Debts account after adjustment will be ________.

• A)$8700
• B)$6780
• C)$9780
• D)$5700

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