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Net Accounts Receivable: Percentage of Sales Method
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Net Accounts Receivable: Percentage of Sales Method
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7. Receivables and Investments / Net Accounts Receivable: Percentage of Sales Method / Problem 5
Problem 5
If a company has credit sales of \$2,000,000 and estimates 4% to be uncollectible, what is the bad debt expense?
A
\$8,000
B
\$80,000
C
\$20,000
D
\$200,000
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