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Uncollectible Account Expense (Bad Debt Expense) is estimated to be 2% of net credit sales....

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Accounting

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Uncollectible Account Expense (Bad Debt Expense) is estimated to be 2% of net credit sales. The Allowance for Uncollectible Accounts account has a credit balance of $2,000. The net credit sales for the year are $200,000. The balance of Accounts Receivable is $40,000. Using the Percentage of Net Sales method of determining uncollectibles, how much will be recorded as an Uncollectible Accounts Expense (Bad Debt Expense)? O $3,200 O $4,000 O $40,000 O $7,160

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