Question: Which one is the correct answer? Dynamic, incorporated had credit sales of $670,000 for March. Accounts receivable of $8,500 were determined to be worthless and

Which one is the correct answer? Which one is the correct answer? Dynamic, incorporated had credit sales of

Dynamic, incorporated had credit sales of $670,000 for March. Accounts receivable of $8,500 were determined to be worthless and were written off during March. Accounts receivable total $521,000 at March 31. Manngement feets that based on past experience, opprovimately 2%6 of net credit sales will prove to be uncollectible. Assuming Dynamic, Incorporated uses the income statement approach (an allowance method) to account for uncollectible accounts. impairment loss for March is: Mutriple Choice 510,420 $18920 $21900 51300

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