18. Hall Company has $800,000 of credit sales for the year….
18. Hall Company has $800,000 of credit sales for the year. Hall estimates that 1.5% of credit sales will be uncollectible. Under the percent of sales method, Bad Debt Expense equals credit sales multiplied by the estimated uncollectible percentage. How much Bad Debt Expense should Hall record? 1. $8,000 2. $10,000 3. $12,000 4. $18,000 Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.