Question
5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful accounts has a credit balance of $211,287. If the company
5. If accounts receivable have a balance of $6,010,342, sales are $7,042,913, allowance for doubtful accounts has a credit balance of $211,287. If the company uses a rate of 2.45% of net sales to calculate the bad debt expense, what is the expense?
a. $145,463
b. $147,253
c. $170,761
d. $172,551
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Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits
Authors: Gary A. Porter, Curtis L. Norton
4th Edition
0324272669, 978-0324272666
