Q12

Question 12 (1 point) Saved At December 31, 2019, DEF Co.'s allowance for doubtful accounts balance was $104,720. During 2020, DEF wrote off $85,680 in receivables. DEF conducted an aging analysis of its receivables and determined that the amount of uncollectible receivables at Dec. 31, 2020 is $48,552. Determine how much bad debt expense DEF will report for the year ended December 31, 2020. a) $48,552 b) $29,512 O c) $85,680 O d) $56, 168 O e) None of these answers is correct