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The following information is from the records of Banana Corporation: Accounts receivable, December 31, Year 5 Net credit sales for Year 5 Accounts written off
The following information is from the records of Banana Corporation: Accounts receivable, December 31, Year 5 Net credit sales for Year 5 Accounts written off as uncollectible during Year 5 O $44,000 Cash sales during Year 5 The company uses the direct write-off method for bad debts. What is the amount of bad debts expense? $64,000 $81,000 $81,000 (debit) 162,000 O $17,000 17,000 44,000
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