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Sarim Ltd. (SL), uses allowance method to record bad debts expenses. It estimates that 6% of the receivable will become uncollectible. During the year, SL
Sarim Ltd. (SL), uses allowance method to record bad debts expenses. It estimates that 6% of the receivable will become uncollectible. During the year, SL wrote off bad debts of $5,500 and recovered bad debts of $3,250. At year end, the accounts receivables control account balance was $330,000. and allowance for doubtful accounts was $3,500 debit. What was the bad debt expense for the year?
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