Question
The unadjusted trial balance at the end of the year includes the following: Accounts Receivable $ 99,000 Allowance for Doubtful Accounts 1,100 Both accounts have
The unadjusted trial balance at the end of the year includes the following:
| Accounts Receivable | $ | 99,000 | |
| Allowance for Doubtful Accounts | 1,100 | ||
Both accounts have normal balances. The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $5,950. What is the amount of Bad Debt Expense to be recorded for the year?
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
