Question
5. The following accounts were taken from Bullock Inc.s trial balance at December 31, 2014. Debit Credit Net credit sales $754,400 Allowance for doubtful accounts
5. The following accounts were taken from Bullock Inc.s trial balance at December 31, 2014.
| Debit | Credit | |||
| Net credit sales | $754,400 | |||
| Allowance for doubtful accounts | $14,700 | |||
| Accounts receivable | 320,900 |
If doubtful accounts are 3% of accounts receivable, determine the bad debt expense to be reported for 2014.
| The bad debt expense, as adjusted |
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Electronic Health Records An Audit And Internal Control Guide
Authors: Rebecca S. Busch
1st Edition
0470258209, 978-0470258200
