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undefined During 2022 Blue Spruce Corp. had sales on account of $791000, cash sales of $323000, and collections on account of $518000. In addition, they
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During 2022 Blue Spruce Corp. had sales on account of $791000, cash sales of $323000, and collections on account of $518000. In addition, they collected $8900 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a O $596000 increase. $588000 increase. O $273000 increase. O $264100 increase. $1150000 Accounts Receivable Allowances for Doubtful Accounts $23800 Bad debts are estimated to be 6% of outstanding receivables. What amount of bad debt expense will the company record? O $45200 O $69000 O $67778 O $43922Step by Step Solution
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