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Z Company Obtained the Following Balances from Its Computerized Accounting

Question 68

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Z Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments: Z Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments: The company estimates that 2% of net sales will be uncollectible.After the correct adjusting entry has been made,bad debts expense for the year will be: A) $4,000. B) $1,000. C) $3,000. D) $5,000. The company estimates that 2% of net sales will be uncollectible.After the correct adjusting entry has been made,bad debts expense for the year will be:


A) $4,000.
B) $1,000.
C) $3,000.
D) $5,000.

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