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Problem 9-2A 6Information related to Mingenback Company for 2017 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written off $2,571,000
Problem 9-2A 6Information related to Mingenback Company for 2017 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written off $2,571,000 830,000 32,300 (a) What amount of bad debt expense will Minaenback Company report if it uses the direct write-off method of accounting for bad debts? (b) Assume that tingenback Company estimates its bad debt expense to be 3% of credit sales. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $4,300? $ (c) Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,100? S (d) Assume that Mingenback Company estimates its bad debt expense based on 6% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $3,1007 $
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