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Business, 02.12.2019 23:00

Jefferson uses the percent of method of estimating uncollectible expense. based on past history, 2% of credit sales are expected t be uncollectible. sales for the current year are $5,550,000. which of the following is correct?

a. bad deb expenses is estimated to be $11,100.

b. uncollectible accounts are estimated to be $55,500.

c. uncollectible accounts are estimated to be $111,000.

d. bad debt expense is estiated to be $5,550

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