Question
The information below appeared in the accounts of the Baird Corp. as of December 31, 20x2, before the year-end adjustment to record bad debts expense:
The information below appeared in the accounts of the Baird Corp. as of December 31, 20x2, before the year-end adjustment to record bad debts expense:
Accounts Receivable: $26,945
Allowance for Doubtful Accounts: $438 debit
Based on an analysis of the customer balances, the management of Baird estimates that 8% of the year-end receivables balance is uncollectible.
Baird will report Bad Debts Expense of
*State your answer to the nearest dollar (no pennies).
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
