Question
The following information is from the records of Mountainview CameraShop: Accountsreceivable, December31, 2024 $80,000(debit) Net credit sales for 2024 163,000 Accounts written off as uncollectible
The following information is from the records of Mountainview CameraShop:
Accountsreceivable, December31, 2024
$80,000(debit)
Net credit sales for 2024
163,000
Accounts written off as uncollectible during 2024
15,000
Cash sales during 2024
43,000
The company uses the direct writeoff method for bad debts. What is the amount of bad debtsexpense?
A.
$68,000
B.
$15,000
C.
$80,000
D.
$43,000
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
