The following information is from the 2015 records of Armand Camera Shop: Bad debts expense is estimated by the percent-of-sales method. The management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2015.
A)$5,250
B)$3,450
C)$2,250
D)$2,850

Question

The following information is from the 2015 records of Armand Camera Shop:  Bad debts expense is estimated by the percent-of-sales method. The management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2015.
A)$5,250 
B)$3,450 
C)$2,250 
D)$2,850

Quizplus · Accepted Answer

The Answer of The following information is from the 2015 records of Armand Camera Shop:  Bad debts expense is estimated by the percent-of-sales method. The management estimates that 3% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2015.
A)$5,250 
B)$3,450 
C)$2,250 
D)$2,850

The Following Information Is from the 2015 Records of Armand