The books of Tweed Company provided the following information: Beginning balances:
Transactions during the year:
Past collection experience has indicated that 1% of credit sales normally is not collected.Therefore,an adjusting entry for bad debt expense should be made in the amount of which of the following?
A)$500.
B)$2,500.
C)$6,000.
D)$6,500.

Question

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The Answer of The books of Tweed Company provided the following information: Beginning balances:
Transactions during the year:
Past collection experience has indicated that 1% of credit sales normally is not collected.Therefore,an adjusting entry for bad debt expense should be made in the amount of which of the following?
A)$500.
B)$2,500.
C)$6,000.
D)$6,500.

The Books of Tweed Company Provided the Following Information: Beginning