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Thompson Corporation's Unadjusted Trial Balance Includes the Following Balances (Assume

Question 132

Multiple Choice

Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Thompson Corporation's unadjusted trial balance includes the following balances (assume normal balances) : Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? A) $89,520 B) $61,120 C) $59,416 D) $91,224 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?


A) $89,520
B) $61,120
C) $59,416
D) $91,224

Correct Answer:

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