Question
The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $12,300. The accounts receivable balance at the
The CHS Company has provided the following information:
Accounts receivable written-off as uncollectible during the year amounted to $12,300.
The accounts receivable balance at the beginning of the year was $230,000.
The accounts receivable balance at the end of the year was $290,000.
The allowance for doubtful accounts balance at the beginning of the year was $14,800.
The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $13,700.
Credit sales during the year totaled $940,000.
How much was CHS Company's bad debt expense?
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