calculate bad debt expense

Note Issued at Face Value TABLE 6-2 PRESENT VALUE OF 1 PV of Principal 8% 92593 79383 1196 .90090 81162 73119 6E873 59345 9% 91743 84168 77218 12% 89286 79719 15% 86957 75614 65752 57175 49718 10% 90909 75132 63552 56743 54993 62092 63017 58349 54027 59627 54703 50187 6447 51316 46651 42410 53464 48166 43393 43233 37594 32630 28426 24719 6 8 10 45235 36061 32197 46319 42241 35218 $10,000 x .75132$7,513 Principal Factor Present Value LO 6 Explain accounting issues related to recognition and valuation of notes receivable. 7-59 Note Issued at Face Value TABLE 6-2 PRESENT VALUE OF 1 PV of Principal 8% 92593 79383 1196 .90090 81162 73119 6E873 59345 9% 91743 84168 77218 12% 89286 79719 15% 86957 75614 65752 57175 49718 10% 90909 75132 63552 56743 54993 62092 63017 58349 54027 59627 54703 50187 6447 51316 46651 42410 53464 48166 43393 43233 37594 32630 28426 24719 6 8 10 45235 36061 32197 46319 42241 35218 $10,000 x .75132$7,513 Principal Factor Present Value LO 6 Explain accounting issues related to recognition and valuation of notes receivable. 7-59