Question

DQuestion 9 4 p A customer who's balanced owed is over 100 days past due Less likely to be collected Should not be written off Less liklcy to be written off Morc likely to be collected Question 10 4 pts James Company has $500.000 in sales, of which $250,000 are credit sales. They estimate that 2% will be uncollectible. The journal entry to record the estimate of Bad Debt Expense is: Credit Allowance for Doubtful Accounts, $10.000. credit Bad Debts Expense 10.000 Credit Allowance for Doubtful Accounts. $5.000. credit Bad Debts Expense. $5.000 Debit Bad Dcbts Expensc. $5000, credit Allowance for Doubtful Accounts, $5000 Dcbit Bad Dcbts Expensc. $10.000. credit Allowance for Doubtful Accounts. $10000

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