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For 2018 Rahal's Auto Parts estimates bad debt expense at 1% credit card sales. The company reported accounts receivable and allowance for uncollectible accounts of
For 2018 Rahal's Auto Parts estimates bad debt expense at 1% credit card sales. The company reported accounts receivable and allowance for uncollectible accounts of $86,500 and $2,100, respectively at December 31, 2017. During 2018, Rahal's credit sales and collections were $404,000 and $408,000. resprctively and $2,340 in accounts receivable were written off.
Rahal's 2018 bad debt expense is?
A. $2,100
B. $2,340
C. $4,080
D. None of these answer choices are correct
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