The company has $1679 credit sales at year end. Experiences show that 4% of credit sales may not be collectable. What is the estimated bad debt expense to be record at year end?
a. $1200
b. $419
c. $67.16
d. $100
e. None of these
Answer: C
The company has $1679 credit sales at year end. Experiences show that 4% of credit sales may not be collectable. What is the estimated bad debt expense to be record at year end?
a. $1200
b. $419
c. $67.16
d. $100
e. None of these
Answer: C
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