The following information is from the 2017 records of Robin Antique Shop:
Bad debts expense is estimated by the percent-of-sales method. Management estimates that 3% of net credit sales will be uncollectible. The ending balance of the Allowance for Bad Debts account after adjustment will be ________.
A) $6,550
B) $4,730
C) $7,330
D) $3,950
Correct Answer:
Verified
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