Question
The following accounts were taken from Splish Brothers Inc.s unadjusted trial balance at December 31, 2017: Debit Credit Sales revenue (all on credit) $926,000 Sales
The following accounts were taken from Splish Brothers Inc.s unadjusted trial balance at December 31, 2017:
| Debit | Credit | |||
| Sales revenue (all on credit) | $926,000 | |||
| Sales discounts | $21,700 | |||
| Allowance for doubtful accounts | 33,100 | |||
| Accounts receivable | 606,500 |
If doubtful accounts are 7% of accounts receivable, what is the bad debt expense amount to be reported for 2017?
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Software Licence Compliance Survive The Audits
Authors: R. Concessao
1st Edition
1539161560, 978-1539161561
