Question
Logs logging Company has the following accounts receivable outstanding. The company's unadjusted balance (normal) in the Allowance for Doubtful Accounts (after write-offs) is $4,200. What
Logs logging Company has the following accounts receivable outstanding.
The company's unadjusted balance (normal) in the Allowance for Doubtful Accounts (after write-offs) is $4,200.
What is the bad debt expense for the year?
Amount Estimated percentage uncollectible Number of Days Past Due 121- 180 $115,400 $72,550 $437,950 Less than 90 90-120 $250,000 1% 3% 6% Total
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
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