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If January credit sales for Levine were $10531 and AR has a balance of $20077, the company believes 5% of credit sales or 20% of
If January credit sales for Levine were $10531 and AR has a balance of $20077, the company believes 5% of credit sales or 20% of AR are uncollectible and Allowance for Doubtful Accounts has a debit balance on Jan. 1 of $3338 Note: you may not require all given information to answer. Compute Bad Debt Expense on Jan 31 using the balance sheet approach. where would the answer for this be at in your equation?
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