Question
1. Kingbird Company's unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit Accounts receivable $52,100Allowance for doubtful accounts6,350Net sales$1,223,900 Kingbird Company
1.Kingbird Company's unadjusted trial balance at December 31, 2020, included the following accounts.
Debit
Credit
Accounts receivable
$52,100Allowance for doubtful accounts6,350Net sales$1,223,900
Kingbird Company estimates its bad debt expense to be5% of gross accounts receivable. Determine its bad debt expense for 2020.
Bad debt expense for 2020
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
