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Question 21 O out of 10 points The Red Raider Co. provides services for both cash and on account. The accounts are adjusted monthly. For
Question 21 O out of 10 points The Red Raider Co. provides services for both cash and on account. The accounts are adjusted monthly. For September, the following information is available: Accounts Receivable on September 1st is $31,200 Allowance for Doubtful Accounts on September 1st is $4,400. Services provided during September for cash $41,000. Services provided during September on account $57,000. During the month collections on account were $50,200 and accounts written off as bad debts were $3,000. At year-end, the company ages its receivables to the following aging schedule: Age of Accounts AR Curent Period Previous Period $35,000 $26.000 $9,000 Estimated % Uncollectible 5% 50% What amount will Red Raider report as Bad Debt Expense on the Income Statement? Do not use the dollar sign or a decimal in your answer. Commas are ok. Selected Answer: [None Given] Correct Answer: 4,400 Answer range +/- 0 (4400 - 4400)
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