Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help ASAP Vaughn Manufacturing has outstanding accounts recevable totaling $6.47 millions of December 31 and sales on credit during the year of $245 milion.

need help ASAP
image text in transcribed
Vaughn Manufacturing has outstanding accounts recevable totaling $6.47 millions of December 31 and sales on credit during the year of $245 milion. There is also a credit balance of $11500 in the allowance for doubtful accounts. If the company estimates that 6% of its outstanding receivables will be uncollectible, what will be the amount of bad debit expense recomiend for the yar? $376700 $1470000 $388200 $399700

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Green Energy Audit Of Buildings A Guide For A Sustainable Energy Audit Of Buildings

Authors: Giuliano Dall’O’

2013 Edition

1447161726, 978-1447161721

More Books

Students also viewed these Accounting questions