Business, 14.04.2020 19:02 infoneetusinghoyg22o
The year, Luther Company had net credit sales of $ 44 comma 000. At the end of the year, before adjusting entries, the balance in Accounts Receivable was $ 14 comma 000 (debit) and the balance in Allowance for Bad Debts was $ 640 (credit). If the company uses an income statement approach to estimate bad debts at 4%, what is the ending balance in the Allowance for Bad Debts account? A. $ 1 comma 120 B. $ 1 comma 760 C. $ 1 comma 200 D. $ 2 comma 400
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The year, Luther Company had net credit sales of $ 44 comma 000. At the end of the year, before adju...
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