Y Company obtained the following balances from its computerized accounting information system at the end of the year before adjustments:
The company estimates that 20% of accounts receivable will be uncollectible.After the correct adjusting entry has been made,bad debts expense for the year will be:
A) $2,400.
B) $4,800.
C) $5,400.
D) $20,000.
Correct Answer:
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