The following information is from the 2020 records of R & S Commercial Plumbing Company:
Bad debts expense is estimated by the percent-of-sales method.Management estimates that 3% of net credit sales will be uncollectible.Calculate the amount of bad debts expense for 2020.
A) $5,400
B) $4,050
C) $6,180
D) $4,100
Correct Answer:
Verified
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