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I dont get why 94,500 is the correct answer here??? 1. Based on the following information, what is the amount of bad debts expense for
I dont get why 94,500 is the correct answer here??? 1. Based on the following information, what is the amount of bad debts expense for the year? The Ottawa Company's accounts receivable at the end of the year totaled $2,800,000. The aging analysis of accounts receivable as below: Estimated Uncollectible% # ofDays Past the Date of Sales 0-30 days 31 60 days 61-90 days 90+ days Accounts Receivable 1.800,000 600,000 250,000 150,000 $2,800,000 1.50% 2.50% 6.00% 15.00% ccounts at the beginning of the year was $50,000, During the year, the following transactions took place: Accounts totaling $75,000 were written off, Previously written off accounts totaling $10,000 were recovered. $79,500 To submit via SMS, text BVCC A, B, to +1 (613) 777-0647/Text t for help POLL CLOSED
I dont get why 94,500 is the correct answer here???
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