Question
Swifty Corporation unadjusted trial balance includes the following balances (assume normal balances): Accounts receivable $1860000 Allowance for doubtful accounts $39600 Bad debts are estimated to
Swifty Corporation unadjusted trial balance includes the following balances (assume normal balances):
Accounts receivable $1860000
Allowance for doubtful accounts $39600
Bad debts are estimated to be 10% of outstanding receivables. What amount of bad debt expense will the company record?
$146400
$184030
$189400
$144270
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Advanced Financial Accounting
Authors: Richard Baker, Theodore Christensen, David Cottrell
9th edition
78110920, 978-0077899165, 77899164, 978-0077484255, 77484258, 978-0078110924
