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The following information is from the records of Classic Car Shop: Accounts receivable, December 31, 2024 Net credit sales for 2024 $35,000 (debit) 56,000
The following information is from the records of Classic Car Shop: Accounts receivable, December 31, 2024 Net credit sales for 2024 $35,000 (debit) 56,000 Accounts written off as uncollectible during 2024 4,100 Cash sales during 2024 41,000 The company uses the direct write-off method for bad debts. What is the amount of bad debts expense? A. $4,100 OB. $5,600 C. $30,900 D. $1,230
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