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Information related to Sunland Company for 2019 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written off $2,558,000 845,000 34,300
Information related to Sunland Company for 2019 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written off $2,558,000 845,000 34,300 a) What amount of bad debt expense will Sunland Company report if it uses the direct write-off method of accounting for bad debts? 34300 b Assume that Sunland Company estimates its bad debt expense based on 5% of accounts receivable what amount of bad debt expense will Sunland record if it has an Allowance for Doubtful Accounts credit balance of 2 400? 127900 Assume that Sunland Company estimates its bad debt expense based on 5% of accounts recevable. What amount o bad debt expense will Sunland record i has an Allowance for Doubtful Accounts debit balance of 2 4 ? 39850
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