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Bad Debt Expense Green Manufacturing had $152,000 of Accounts Receivable outstanding at the end of the year. $122,000 of those receivables have been outstanding for
Bad Debt Expense Green Manufacturing had $152,000 of Accounts Receivable outstanding at the end of the year. $122,000 of those receivables have been outstanding for less than 30 days. The remaining $30,000 of those receivables have been outstanding for more than 30 days. Green uses the Aging of Receivables method and estimates that 2% of receivables outstanding for less than 30 days and 4% of receivables outstanding for more than 30 days will not be collected. Green wrote off $2,200 of receivables during the current year. If the beginning balance in Green's Allowance for Doubtful Accounts was a credit of $4,600, how much Bad Debt Expense will Green record this year? You must show you work in order to get any credit for this problem. Bad Debt Expense
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