Question
Indiana Jones Adventure Tours has the following year-end data; $775,000 in credit sales, $250,000 in accounts receivable, and a $10,000 debit balance in its allowance
Indiana Jones Adventure Tours has the following year-end data; $775,000 in credit sales, $250,000 in accounts receivable, and a $10,000 debit balance in its allowance for doubtful accounts account. The company estimates 6% of its accounts receivable will be uncollectible. What is the companys bad debt expense for the year? (Thank you)
A. $15,000
B. $46,500
C. $25,000
D. $5,000
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Night Comes To The Cumberlands A Biography Of A Depressed Area
Authors: Harry M. Caudill
1st Edition
1334682070, 978-1334682070
