1. Kingbird Company's unadjusted trial balance at December 31, 2020, included the following accounts. Debit Credit Accounts...
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1.Kingbird Company's unadjusted trial balance at December 31, 2020, included the following accounts.
Debit
Credit
Accounts receivable
$52,100Allowance for doubtful accounts 6,350 Net 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
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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