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The following information is available for Ashbrook Corporation: Accounts Receivable. January 1, 2021 $450,000 Accounts Receivable. December 31, 2021 520.000 Allowance for doubtful accounts, Jan.
The following information is available for Ashbrook Corporation: Accounts Receivable. January 1, 2021 $450,000 Accounts Receivable. December 31, 2021 520.000 Allowance for doubtful accounts, Jan. 1.2021 48,500 (cr) Sales revenue 2021 (all on credit) 4.500,000 Accounts written off in 2021 44.000 Ashbrook uses the allowance method of accounting for uncollectible accounts. Based on prior experience, Ashbrook determines that 10% of accounts receivable at December 31, 2021 will eventually become uncollectible. Ashbrook makes an adjusting entry on December 31, 2021. what amount of bad debts expense should Ashbrook recognize in 2021? $48.200 $56.200 $47.800 $44000
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