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Detailed explanation please 25. Rosco uses the allowance method of accounting for bad debts. accounts receivable, the accountant for Rosco estimated that $5,000 of the
Detailed explanation please 25. Rosco uses the allowance method of accounting for bad debts. accounts receivable, the accountant for Rosco estimated that $5,000 of the current $98,000 of accounts receivable would be uncollectible. The allowance for doubtful accounts had a $400 debit balance at year- end prior to adjustment. The amount of bad debt expense that should appear in Rosco's income statement for the year is Upon completing an aging analysis of A. $5,000 B. $5,400 C. $4,600. D. $400 2 E. Zero osco uses the allowance method of accounting for bad debts. The allowance for doubtful accounts had a $400 debit balance at year-end prior to adjustment. T debt on a % of credit sales and us he accountant for Rosco bases the estimate for bad ing this method proiected that S5400 of the current year credit sales would be uncollectible. The amount of bad debt expense that should appear in Rosco's income stat TYor the year is A. $5,000. B. $5,400. C. $4,600 D. $5,800 E. Zero
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