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Calculate the percentage of net credit

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Question - Calculate the percentage of net credit/receivables or the allowance for bad debt the using the allowance method.

Susan found that Accounts Receivable had a balance of $500,820 and calculated that 5% of receivables were uncollectible.

a) $10,016

b) $47,578

c) $25,041

d) $52,586

Reference no: EM132620970

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