Question
Assume the Mirtha Company had the following balances at year-end. From the Balance Sheet 2012 2011 Accounts Receivable 1,750,200 1,400,920 Allowance for Doubtful Accounts (98,000)
Assume the Mirtha Company had the following balances at year-end.
| From the Balance Sheet | 2012 | 2011 |
| Accounts Receivable | 1,750,200 | 1,400,920 |
| Allowance for Doubtful Accounts | (98,000) | (81,700) |
| Accounts Receivable, Net | 1,652,200 | 1,319,220 |
| Assume the company recorded no write-offs or recoveries during 2012. What was the amount of bad debt expense reported in 2012? |
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
4th Edition
0730382648, 978-0730382645
