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Problem 8-2A Information related to Mingenback Company for 2015 is summarized below Total credit sales Accounts receivable at December 31 Bad debts written off $2,459,000
Problem 8-2A Information related to Mingenback Company for 2015 is summarized below Total credit sales Accounts receivable at December 31 Bad debts written off $2,459,000 879,000 32,800 (a) What amount of bad debt expense will Mingenback Company report if it uses the direct write-off method of accounting for bad debts? (b) Assume that Mingenback Company estimates its bad debt expense to be 2% of credit sales. what amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $4,400? Assume that M ngenback Company estimates its bad debt expense based on 5% of accounts recer able what amount of bad debt expense an Allowance for Doubtful Accounts credit balance of $3,200?$ Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable what amount of bad debt expense will Minge back record f t as (c ingen ack record f is (d an Allowance for Doubtful Accounts debit balance of $3,200? $
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