Homework Answers
| Ans. | Option b $9,000 | ||||
| Bad debts expenses = Credit sales * 3% | |||||
| $300,000 * 3% | |||||
| $9,000 | |||||
| *Under percentage of sales method, no adjustments are made regarding | |||||
| debit or credit balance of allowance for doubtful accounts. | |||||
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