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At January 1, 2025, THE Company had an allowance for bad debts with a $14,100 credit balance. During 2025, THE Company wrote-off $17,000 of accounts
At January 1, 2025, THE Company had an allowance for bad debts with a $14,100 credit balance. During 2025, THE Company wrote-off $17,000 of accounts receivable as being uncollectible. At December 31, 2025, THE Company prepared the following aging schedule: Accounts Receivable % Uncollectible not past due $125,000 2% 1-30 days past due 88,000 7% 31-60 days past due 53,000 15% 61-90 days past due 61,000 20% over 90 days past due 29,000 40% The bad debt expense reported by THE Company for 2025 was equal to:
Group of answer choices
$40,410
$26,310
$37,510
$43,310
$23,410
$31,100
none of the above choices are correct
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