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Here is information related to Swifty Corporation for 2017 Total credit sales Accounts receivable at December 31 Bad debts written off 679 500 40.100 (a)

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Here is information related to Swifty Corporation for 2017 Total credit sales Accounts receivable at December 31 Bad debts written off 679 500 40.100 (a) What amount of bad debt expense will Swifty Corporation report if it uses the direct write-off method of accounting for bad debts? Bad debts expenses b) Assume that Swifty Corporation decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if Allowance for Doubtful Accounts has a credit balance of $3,000? Bad debts expenses (c) Assume the same facts as in the except that there is a $1.100 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Swifty Corporation record! Bad debts expenses Save for later

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