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Question 32 of 50 - / 4 View Policies Current Attempt in Progress The following information is available for Vaughn Manufacturing: Allowance for doubtful accounts

Question 32 of 50

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The following information is available for Vaughn Manufacturing:

Allowance for doubtful accounts at December 31, 2019 $26000
Credit sales during 2020 1190000
Accounts receivable deemed worthless and written off during 2020 28800

As a result of a review and aging of accounts receivable in early January 2021, it has been determined that an allowance for doubtful accounts of $15800 is needed at December 31, 2020. What amount should Vaughn record as "bad debt expense" for the year ended December 31, 2020?

$18600

$41800

$13000

$15800

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