Black Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2010: The Allowance for Doubtful Accounts balance at December 31, 2010, should be:

Question

Black Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2010:  The Allowance for Doubtful Accounts balance at December 31, 2010, should be:

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The Answer of Black Company provides for bad debts expense at the rate of 2% of credit sales. The following data are available for 2010:  The Allowance for Doubtful Accounts balance at December 31, 2010, should be:

Black Company Provides for Bad Debts Expense at the Rate