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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
- / 4
View Policies
Current Attempt in Progress
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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