Question
1.The following information is year-end information: (5 pts) Accounts receivable, December 31, 2017 $680,000 (debit) Net credit sales for 2017 200,000 Accounts written off as
1.The following information is year-end information: (5 pts)
Accounts receivable, December 31, 2017
$680,000 (debit)
Net credit sales for 2017
200,000
Accounts written off as uncollectible during 2017
15,000
Cash sales during 2017
40,000
If the company uses the direct write-off method for bad debts. What is the amount of bad debts expense?
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
