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Cartoon Capers Recorded Sales of $210 000 During the Year

Question 23

Multiple Choice

Cartoon Capers recorded sales of $210 000 during the year (net of GST) . Of these, 30% were on credit. Bad debts have averaged 1½% of credit sales. The entry to estimate bad debt expense for the year is which of the following?


A) Cartoon Capers recorded sales of $210 000 during the year (net of GST) . Of these, 30% were on credit. Bad debts have averaged 1½% of credit sales. The entry to estimate bad debt expense for the year is which of the following? A)   B)   C)   D)
B) Cartoon Capers recorded sales of $210 000 during the year (net of GST) . Of these, 30% were on credit. Bad debts have averaged 1½% of credit sales. The entry to estimate bad debt expense for the year is which of the following? A)   B)   C)   D)
C) Cartoon Capers recorded sales of $210 000 during the year (net of GST) . Of these, 30% were on credit. Bad debts have averaged 1½% of credit sales. The entry to estimate bad debt expense for the year is which of the following? A)   B)   C)   D)
D) Cartoon Capers recorded sales of $210 000 during the year (net of GST) . Of these, 30% were on credit. Bad debts have averaged 1½% of credit sales. The entry to estimate bad debt expense for the year is which of the following? A)   B)   C)   D)

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