Business, 17.12.2019 18:31 amourjenny

Acompany using the percentage of sales method for estimating bad debts has sales of $350,000 and estimates that 1.0% of its sales are uncollectible. the unadjusted balance in allowance for doubtful accounts is a $500 credit. the estimated amount of bad debts expense is $3,000.

a. true
b. false

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Acompany using the percentage of sales method for estimating bad debts has sales of $350,000 and est...

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