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Please do not copy from Chegg. Only attempt if you are sure about the answer. Solve in a step by step manner, explaining each step.
Please do not copy from Chegg. Only attempt if you are sure about the answer. Solve in a step by step manner, explaining each step.
1. The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $11,500. The accounts receivable balance at the beginning of the year was $150,000 The accounts receivable balance at the end of the year was $210,000. The allowance for doubtful accounts balance at the beginning of the year was $14,000. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $12,900. Credit sales during the year totaled $900,000. How much was CHS Company's bad debt expense? A. $11,500. B. $12,900. C. $10,400 D. $14,000. Ending allowance for doubtful accounts, $12,900 = Beginning allowance for doubtful accounts, $14,000 - Accounts receivable write-offs, $11,500 + Bad debt expense, $10,400
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