Question
Masala, Inc. reports the following aging of accounts receivable table as of March 31, 2017 . 0 to 90 91+ Accounts receivable 24,000 3,000 Rate
- Masala, Inc. reports the following aging of accounts receivable table as of March 31, 2017.
|
| 0 to 90 | 91+ |
| Accounts receivable | 24,000 | 3,000 |
| Rate | 3% | 25% |
During the quarter ended March 31, 2017, Masala wrote off accounts totaling $600. The balance of the allowance for doubtful accounts on January 1, 2017 was $1,380.
Calculate the bad debt expense for Masala, Inc. for the quarter ended March 31, 2017.
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Financial Sector Development In African Countries Major Policy Making Issues
Authors: Omotunde E. G. Johnson
1st Edition
3030329372,3030329380
