Question: 2 pts D Question 7 The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for bad debts expense.

2 pts D Question 7 The Allowance for Bad Debts account has a credit balance of $4000 before the adjusting entry for bad debts expense. The company's management estimates that 5% of net credit sales will be uncollectible for the year 2019. Net credit sales for the year amounted to $280,000. What is the amount of Bad Debts Expense reported on the income statement for 2019? $14.000 STRO 57000 $10.000

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