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Jill Company provides for bad debt expense at the rate of 3% of credit sales....

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Accounting

Jill Company provides for bad debt expense at the rate of 3% of credit sales. The following data are available for 2016:
Allowance for doubtful accounts, 1/1/16(Cr.)................................ $ 15,000
Accounts written off as uncollectible during 2016...................9,000
Credit sales in 2016..................................................................1,000,000
The Allowance for Doubtful Accounts balance at December 31,2016, should be
Select one:
a. $24,000.
b. $45,000.
c. $30,000.
d. $36,000.

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