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Question 2 1 pts On December 31, 2018, Ham Corp. had the following aging of its Accounts Receivables from clients. Age of accounts receivable Amount
Question 2 1 pts On December 31, 2018, Ham Corp. had the following aging of its Accounts Receivables from clients. Age of accounts receivable Amount Estimated Percent Uncollectible Zero to 30 days $1,050,000 2.5% 31-60 days 450,000 7.0% Greater than 60 days 625,000 15.0% At the start of fiscal 2018, Ham Corp. had a credit balance in its Allowance for Uncollectibles of $145,000, and during fiscal 2018, $72,000 in receivables were written off as uncollectible. The form closes its books on December 31st How much bad debt expense was recorded in 2018? A. $69.500. O B. $76,500. C. $78,500. D. $81,500. E. None of the above
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