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Toad LLC had the following information for 2022: - At the beginning of the year, the balance in Allowance for Doubtful Accounte was $44,000. -
Toad LLC had the following information for 2022: - At the beginning of the year, the balance in Allowance for Doubtful Accounte was \$44,000. - During the year, the company had credit sales of $430,000. On December 31 , the balance in gross Accounts Receivable is $825,000. At the end of the year, Toad estimates that 9% of outstanding accounts recelvables are uncollectible. How much bad debt oxpense doos the company recognize for 2022 using the percentage-of-receivablos mothod
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