A provision for bad debt account had N3,800 at the beginning of the year and N4,220 at the close of the year. If bad debts are calculated at the rate of 1/2% of annual sales, what was the credit sales for the period?
A.
N2,100,000
B.
N844,400
C.
N840,000
D.
N500,000
Correct Answer: Option B
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