Question: D Question 9 Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $150,000 Credit sales, $450,000 Selling and

D Question 9 Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $150,000 Credit sales, $450,000 Selling and administrative expenses, $110,000 Sales returns and allowances. $30.000 Gross proft. $490.000 Accounts receivable, $110.000 Sales discounts. $14.000 Allowance for doubtful accounts credit balance 01.200 Flyer estimates bad debt expense assuming that 1.5% of credit sales have historically been uncollectible. How much is Flyer's bad debt expense? 55 550 $7950 O 55.750 5700

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