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The CHS Company has provided the following information: Accounts receivable written-off as uncollectible during the year amounted to $11,800. 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 $11,800.
- The accounts receivable balance at the beginning of the year was $180,000.
- The accounts receivable balance at the end of the year was $240,000.
- The allowance for doubtful accounts balance at the beginning of the year was $14,300.
- The allowance for doubtful accounts balance at the end of the year after the recording of bad debt expense was $13,200.
- Credit sales during the year totaled $915,000.
How much was CHS Company's bad debt expense?
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