Question
The accounts receivable clerk has prepared the following aging of Rocky Corps accounts receivable. The current balance in the allowance for doubtful accounts is $7177
The accounts receivable clerk has prepared the following aging of Rocky Corps accounts receivable. The current balance in the allowance for doubtful accounts is $7177 dr.
|
| Date since due | $ | % Uncollectible |
|
| 0 to 30 days | $467274 | 1% |
|
| 30 to 60 days | 186925 | 4% |
|
| Over 60 days | 101439 | 10% |
|
|
| $755638 |
|
What is the bad debt expense for the year?
a. $29471
b. $37782
c. $15117
d. $22294
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The Edgerston Audit
Authors: Don Akenson
1st Edition
0802709915, 978-0802709912
