The following information is from the 2013 records of Armadillo Camera Shop: Bad debts expense is estimated by the percentage- of- sales method. Management estimates that 3% of net credit sales will be uncollectable. Which of the following will be the balance of the Allowance for doubtful debts after adjustment?
A)$3 450
B)$2 850
C)$7 000
D)$2 250

Question

The following information is from the 2013 records of Armadillo Camera Shop:  Bad debts expense is estimated by the percentage- of- sales method. Management estimates that 3% of net credit sales will be uncollectable. Which of the following will be the balance of the Allowance for doubtful debts after adjustment?
A)$3 450 
B)$2 850 
C)$7 000 
D)$2 250

Quizplus · Accepted Answer

The Answer of The following information is from the 2013 records of Armadillo Camera Shop:  Bad debts expense is estimated by the percentage- of- sales method. Management estimates that 3% of net credit sales will be uncollectable. Which of the following will be the balance of the Allowance for doubtful debts after adjustment?
A)$3 450 
B)$2 850 
C)$7 000 
D)$2 250

The Following Information Is from the 2013 Records of Armadillo