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Problem 8-4A Here is information related to Kingbird, Inc. for 2017 Total credit salesbe December $1,424,000 712,000 36,000 Accounts receivable at December 31 Bad debts
Problem 8-4A Here is information related to Kingbird, Inc. for 2017 Total credit salesbe December $1,424,000 712,000 36,000 Accounts receivable at December 31 Bad debts off (a) What amount of bad debt expense will Kingbird, Inc. report if it uses the direct write-off method of accounting for bad debts? Bad debts expense (b) Assume that Kingbird, Inc. deci Bad debts expense c) Assume the same facts as in (b), except that there is a $900 debit balance in Allowance for Doubtful Accounts. What amount of bad debt expense will Kingbird, Inc. record? Bad debts expense written on 4% of accounts receivable. w what bad debt expense wi e company s a credit balance of $3,000 ides to estimate its b bad debt amount of Allowance for Doubtful Accounts ha
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