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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
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
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