Business, 23.12.2019 20:31 gemouljr

The following information is from the 2020 records of r & s commercial plumbing company: accounts receivable, december 31, 2020 : $43,000 (debit) allowance for bad debts, december 31, 2020 prior to adjustment: 1,500 (debit) net credit sales for 2020: 180,000 accounts written off as uncollectible during 2017 16,000 cash sales during 2020 26,000 bad debts expense is estimated by the percent-of-sales method. management estimates that 6% of net credit sales will be uncollectible. calculate the amount of bad debts expense for 2020.a. $10.250 b. $9.000 c. $6.850 d. $7,700

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