Business
Business, 02.07.2019 02:30, CDMJ8320

The allowance for bad debts account has a credit balance of $2,000 before the adjusting entry for bad debts expense. the company's management estimates that 4% of net credit sales will be uncollectible for the year 2019. net credit sales for the year amounted to $250,000. what is the amount of bad debts expense reported on the income statement for 2019?

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