company uses the percent-of-sales method to estimate uncollectibles. net credit sales for the current year amount to $140,000, and management estimates 2% will be uncollectible. the allowance for uncollectible accounts prior to adjustment has a credit balance of $3,000. the amount of expense to report on the income statement will be

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05-10-2022
Business

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company uses the percent-of-sales method to estimate uncollectibles. net credit sales for the current year amount to $140,000, and management estimates 2% will be uncollectible. the allowance for uncollectible accounts prior to adjustment has a credit balance of $3,000. the amount of expense to report on the income statement will be

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