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As of 12/31/19 Treat Yourself Corp. has A/R of $200,000. The company splits its accounts receivables into three age categories and estimates probable uncollectability for
As of 12/31/19 Treat Yourself Corp. has A/R of $200,000. The company splits its accounts receivables into three age categories and estimates probable uncollectability for each category: Age Not yet due Up to 90 days past due A/R Amount % Uncollectable $120,000 2% 45,000 8% 35,000 40% $200,000 Over 90 days past due Total As of 12/31/19, Treat Yourself's Allowance for Doubtful Accounts has a debit balance of $3,000 before any adjusting entries. What amount of bad debt expense will TYC recognize for the period ended 12/31/19? Enter your answer as a positive number in the box below
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