For 2024, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The...
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For 2024, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an allowance for uncollectible accounts of $94,000 and $3,600, respectively, at December 31, 2023. During 2024, Rahal's credit sales and collections were $419,000 and $423,000, respectively, and $3,840 in accounts receivable were written off. Rahal's 2024 bad debt expense is: Multiple Choice $3,840. None of these answer choices are correct. $3,600. $4,230
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