The books of Tweed Company provided the following information: Beginning balances: 
Transactions during the year:
Past collection experience has indicated that 1% of credit sales normally is not collected. Therefore, an adjusting entry for bad debt expense should be made in the amount of whic of the following?
A) $6,500.
B) $500.
C) $2,500.
D) $6,000.
Correct Answer:
Verified
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