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1. The Morgle Company has provided the following information: e Accounts receivable written-off as uncollectible during the year amounted to $11,500 The accounts receivable balance
1. The Morgle Company has provided the following information: e Accounts receivable written-off as uncollectible during the year amounted to $11,500 The accounts receivable balance at the beginning of the year was $150,000. . The accounts receivable balance at the end of the year was $210,000. . The allowance for doubtful accounts balance at the beginning of the year was $14,000. . The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900. . Credit sales during the year totaled $900,000. How much was Morgle Company's bad debt expense? A) $11,500 B) $12,900 C) $10,400 D) $14,000 E) None of the above
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