calculate-the-bad-debt-expense-using-the-income-statement-approach-for-credit-sa

Question

Calculate the bad debt expense using the income statement approach for credit sales of $3,000,000 with an uncollectible rate of 2%.

Accepted Answer

$60,000

Answer

$600,000

Answer

$30,000

Answer

$6,000

Calculate the bad debt expense using the income statement approach for credit sales of \$3,000,000 with an uncollectible rate of 2%.