Data for the year ended December 31 are presented below:
-Refer to AT&U Company. If the company estimates its bad debt to be 2% of net credit sales, what will be the balance in the Allowance for Doubtful Accounts account after the adjustment for bad debts?
A) $20,000
B) $19,000
C) $49,000
D) $69,000
Correct Answer:
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