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1. At the beginning of 2015, the Goode Company was showing a balance in the Allowance for Doubtful Accounts of $10,000. During 2015 the company
1. At the beginning of 2015, the Goode Company was showing a balance in the Allowance for Doubtful Accounts of $10,000. During 2015 the company had credit sales of $300,000 and the ending balance in the Account Receivable Account was $400,000. The company estimates bad debt expense through an analysis of the AR account and uses 5% to calculate the uncollectable amount. At the end of 2015, how much will the company record in Bad Debt Expense? A. $5,000 B. $10,000 C. $15,000 D. $20,000
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