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The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $12,000. The accounts receivable balance at
The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $12,000. The accounts receivable balance at the beginning of the year was $200,000. The accounts receivable balance at the end of the year was $260,000. The allowance for doubtful accounts balance at the beginning of the year was $14,500. The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $13,400. Credit sales during the year totaled $925,000. How much was CHS Company's bad debt expense? Your Answer: 1,100 Incorrect The answer is 10,900.
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