The following information is from the records of Sumter, Inc for the year ended December 31 . 2014. Allowance for Doubtful Accounts, January 1 . 2014 .. $ 6,000 (cr) Sales, 2014 ....................................... 2,920,000 Sales Returns and Allowances, 2014 ................ 32,000 If the basis for estimating bad debts is 1 percent of net sales, the correct amount of doubtful accounts expense
for 2014 is
a. $22,800.
b. $23,200.
c. $28,880.
d. $34,880.
C
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