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E. Karen Company reported accounts receivable 8,000,000 on December 31, 2017 and allowance for doubtful accounts 1,000,000 on January 1,2017. During the year, accounts
E. Karen Company reported accounts receivable 8,000,000 on December 31, 2017 and allowance for doubtful accounts 1,000,000 on January 1,2017. During the year, accounts of 400,000 were written off and recoveries of accounts written off totalled 100,000. Amount % Collectible Under 30 5,000,000 90% days 31-180 days 1,500,000 80% 181-360 days 1,000,000 50% More than 1 500,000 2% yr What amount should be reported as doubtful account expense for the current year?
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