Question 17 (2 points)

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Prince Charming had annual sales of $2,000,000, and the January 1 Allowance for Uncollectibles had a credit balance of $50,000. $18,600 of accounts were written off during the year. Using the percentage of sales technique and a 5% rate, uncollectible accounts expense is:

Question 17 options:

a)

$100,000.

b)

$18,600.

c)

$50,000.

d)

$118,600.

e)	None of these.