Munster Inc. has the following unadjusted year-end trial balance information available for 2020. There were...
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Accounting
Munster Inc. has the following unadjusted year-end trial balance information available for 2020. There were no write-offs during the year: Credit sales $600,000 Ending accounts receivable balance $180,000 Ending allowance for uncollectible $1,500
If Munster Inc. uses the gross accounts receivable approach for estimating the bad debt provision and estimates that 4% of AR will be uncollectible, the income statement will show an expense of a. $2,100 b. $3,600 c. $5,100 d. $8,500
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