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A company's sales for theyear were $549,650 and a credit to Allowance for Bad Debt for $16,489.50was made. Based on this entry, what percentage of
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A company's sales for the year were $549,650 and a credit to Allowance for Bad Debt for $16,489.50 was made.


Based on this entry, what percentage of sales is considered uncollectible?

  • 4%
  • 2.5%
  • 3.5%
  • 3%

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Subject: Accounting, Business

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