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Here is information related to Vansen Company for 2014. (a)What amount of bad debt expense will Vansen Company report if it uses the direct write-off
Here is information related to Vansen Company for 2014. (a)What amount of bad debt expense will Vansen Company report if it uses the direct write-off method of accounting for bad debts? (b)Assume that Vansen Company decides to estimate its bad debt expense based on 4% of accounts receivable. What amount of bad debt expense will the company record if it has an Allowance for Doubtful Accounts credit balance of $3,700 ? (C) Assume the same facts as in part (b), except that there is a $2,000 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Vansen record
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