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Godzilla Corp. has the following account balances on December 31st: 3 Sales revenues (100% on credit) $3,450,000 Sales discounts $44,000 Sales returns and allowances 110,000
Godzilla Corp. has the following account balances on December 31st: 3 Sales revenues (100% on credit) $3,450,000 Sales discounts $44,000 Sales returns and allowances 110,000 Accounts Receivable 300,000 Allowance for Doubtful Accounts (credit balance before adjustment) 5,000 Godzilla estimates that their bad debt expense will be 2% of net credit sales, what is Godzilla Co bad debt expense for the year? Do not use the dollar sign or a decimal in your answer. Commas are ok. Selected Answer: None Given] Correct Answer: 65.920 Answer range 0 (65920.0 - 65920.0)
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