The following information pertains to Lindsey Corp.at the at the end of the year:
Lindsey Corp.uses the percentage-of-credit-sales method and estimates that 2% of the credit sales are uncollectible.After the year-end adjustment,what amount of bad debt expense would Lindsey report for the year?
A) $1,200.
B) $2,200.
C) $3,000.
D) $3,800.
Correct Answer:
Verified
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