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What will be the balance of allowance for bad debts

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Problem 1: The Allowance for Bad Debts account has a credit balance of $5,000 before the adjusting entry for bad debts expense. The? company's management estimates that 3?% of net credit sales will be uncollectible for the year 2025. Net credit sales for the year amounted to $300,000. What will be the balance of Allowance for Bad Debts on the December? 31, 2025 balance? sheet?

A. $8,850
B. $5,000
C. $9,000

Reference no: EM132731246

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