Managerial Accounting - Uncollectible-Account Expense
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The allowance for uncollectible accounts currently has a credit balance of $200. The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of uncollectible-account expense reported on the income statement?
A) $3,275
B) $3,075
C) $2,875
D) $2,675
E) $2,854
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This solution provides the concise calculation for uncollectible account expense.
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