Problem 9-2A

Information related to Mingenback Company for 2014 is summarized below.

Problem 9-2A Information related to Mingenback Company for 2014 is summarized below. Total credit sales Accounts receivable at December 31 Bad debts written of $2,563,000 907,000 32,800 (a) What amount of bad debt expense will Mingenback Company report if it uses the direct write-of 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 $4,500? $ (c) Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts credit balance of $3,500? $ (d) Assume that Mingenback Company estimates its bad debt expense based on 5% of accounts receivable. What amount of bad debt expense will Mingenback record if it has an Allowance for Doubtful Accounts debit balance of $3,500? $