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Business, 07.03.2020 05:46 theresamarieuehling2

Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s un-adjusted trial balance shows an accounts receivable balance of $30,000; allowance for doubtful accounts balance of $200 (credit); and sales of $600,000. Based on history, Finish estimates that bad debts will be 1% of sales. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:.
a. $500.
b. $6, 200.
c. $100.
d. $5, 800.
e. $6,000.

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Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s un-a...
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