Question
Assume Zap industries reported the following adjusted account balances at year-end. 2019 2018 Accounts Receivable $ 1,660,200 $ 1,310,920 Allowance for Doubtful Accounts (89,000 )
Assume Zap industries reported the following adjusted account balances at year-end.
| 2019 | 2018 | ||||||||
| Accounts Receivable | $ | 1,660,200 | $ | 1,310,920 | |||||
| Allowance for Doubtful Accounts | (89,000 | ) | (73,600 | ) | |||||
| Accounts Receivable, Net | $ | 1,571,200 | $ | 1,237,320 | |||||
Assume the company recorded no write-offs or recoveries during 2019. What was the amount of Bad Debt Expense reported in 2019?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
