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The account balances of Cullumber Company at December 31, 2024, the end of the current year, show Accounts Receivable $223,200; Allowance for Doubtful Accounts $2,700
The account balances of Cullumber Company at December 31, 2024, the end of the current year, show Accounts Receivable $223,200; Allowance for Doubtful Accounts $2,700 (credit); Sales $1,748,800; Sales Retums and Allowances $50,000; and Sales Discounts $24,800. Your answer is incorrect. Assume instead that the Allowance for Doubtful Accounts had a debit balance of $3,200 at December 31,2024 . What is bad debt expense for 2024, and what is the carrying amount of the accounts receivable at December 31, 2024? Bad debt expense Carrying amount
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