Jefferson uses the percent of method of estimating uncollectible expense. based on past history, 2% of credit sales are expected t be uncollectible. sales for the current year are $5,550,000. which of the following is correct?
a. bad deb expenses is estimated to be $11,100.
b. uncollectible accounts are estimated to be $55,500.
c. uncollectible accounts are estimated to be $111,000.
d. bad debt expense is estiated to be $5,550
class participation because in this group
answer; ////i believe that the correct answer is (product