Question
Blossom Company unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1900000 Allowance for doubtful accounts $37700 Bad debts are estimated to
Blossom Company unadjusted trial balance includes the following balances (assume normal balances):
| Accounts receivable | $1900000 | |
| Allowance for doubtful accounts | $37700 |
Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record?
$76300
$113930
$74170
$119300
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Financial Accounting For Undergraduates
Authors: Wallace
4th Edition
1618533088, 9781618533081
