Business, 30.11.2019 04:31 snikergrace

During the year, sheldon company had net credit sales of $40,000. at the end of the year, before adjusting entries, the balance in accounts receivable was $11,500 (debit) and the balance in allowance for bad debts was $670 (credit). if the company uses an income statement approach to estimate bad debts at 7%, what is the ending balance in the allowance for bad debts account? o a. $1,475 ob. $3,470 ○ c. $2,130 od, $2,800

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During the year, sheldon company had net credit sales of $40,000. at the end of the year, before adj...

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