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The allowance for doubtful debts account had a debit opening balance of $1,500 and bad debts of $500 were written off. If the allowance was
The allowance for doubtful debts account had a debit opening balance of $1,500 and bad debts of $500 were written off. If the allowance was adjusted to 5% of the accounts receivable balance of $44,000 inclusive GST, at the end of the period, the amount of bad debts expenses appearing in the income statement for the year will be $___________ Group of answer choices 2,000 1,000 4,000 2,200
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