A company has sales of $350,000, Account Receivable of 50,000 and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debts expense is
a. $350
b. $2,450.
c. $3,450.
d. $300
e. $530
Answer: B
A company has sales of $350,000, Account Receivable of 50,000 and estimates that 0.7% of its sales are uncollectible. The estimated amount of bad debts expense is
a. $350
b. $2,450.
c. $3,450.
d. $300
e. $530
Answer: B
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