Question: Enabled: EXAM 3 - Ch.8,9,10 Saved Help Save & Exit Submit A company uses the percent of sales method to determine its bad debts expense.

Enabled: EXAM 3 - Ch.8,9,10 Saved Help Save & Exit Submit A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $365,000 debit Allowance for uncollectible accounts 600 debit Net Sales 810,000 credit All sales are made on credit. Based on past experience, the company estimates that 0.4% of net credit sales are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared? Multiple Choice

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