The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting...
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Accounting
The Allowance for Bad Debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. The company's management estimates that 4% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $250,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? O A. $12,000 O B. $10,000 OC. $8,000 O D. $5,000
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