Clipboard Font Alignment Number SIGN IN TO OFFICE it looks like your stored credentials are out of date. Please sign in as so we can verify your subscription Sign In B C D E F G 4 (LO 2) Information related to Mingenback Company for 2020 is summarized below. 7 Unadjusted Trial Balance 8 Total credit sales 9 Accounts receivable at December 31 10 Bad debts written off Selected Amount $2,500,000 875,000 33,000 12 Instructions 13 (a). What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts? 14 Account Name Dr. Bad Debt Expense Calibri = = General B I VA A $ % , A Clipboard Font Alignment Number SIGN IN TO OFFICE It looks like your stored credentials are out of date. Please sign in as so we can verify your subscription Sign In A B C D E F G H I J (b). Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,000? Account Name Dr. Cr Bad Debt Expense Allowance for Doubtful Account Paste Cell Styles Clipboard Alignment Number SIGN IN TO OFFICE It looks like your stored credentials are out of date. Please sign in as so we can verify your subscription Sign In F6 C D G H (c). Assume the same facts as in (b), except that there is a $3,000 debit balance in Allowance for Doubtful Accounts. What amount of bad 53 debt expense will Mingenback record? Account Name Dr. Bad Debt Expense 67 Allowance for Doubtful Account 12 16 12 Type here to search